Answers KY-Economics The Three Questions of EconomicsQuestion 1

1

AssignmentMultiple Choice

The Three Questions of Economics

Question 1 of 4 • KY-Economics

The three questions of economics are based on decisions made by economies.What statement best describes why economies must make these decisions?

Answer

A

Economies must make these decisions because resources are unlimited, but production must be limited.

B

Economies must make these decisions because resources are limited.

C

Economies must make these decisions because consumers cannot make decisions on their own.

D

Economies must make these decisions to prevent producers from over-producing.

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