Answers Financial Literacy WMHS - Semester 1 Introduction to EconomicsQuestion 1

1

AssignmentMultiple Choice

Introduction to Economics

Question 1 • Financial Literacy (WMHS) - Semester 1

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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