The Three Essential Questions That Every Economy Must Solve Are

question 126

Multiple Choice

The three essential questions that every economy must solve are

• A)what, how many, and for whom?
• B)how, what, and where?
• C)what, how, and for whom?
• D)what, how much, and for whom?
• E)where, how, and for whom?

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Definitions:

Virtue Ethics

An ethical framework that emphasizes the role of character and virtue in moral philosophy rather than either doing one’s duty or acting to bring about good consequences.

Explicit Guidance

Direct, clear instructions or information about how to behave or what to do.

Particular Circumstance

A specific situation or set of conditions that distinguishes it from others; often requires tailored considerations or actions.

Identity-Based Theorists

Philosophers or theoreticians who focus on how aspects of identity (such as race, gender, and culture) influence ethical and moral considerations.