6
QuizLong Text

Introduction to Economics

Question 6 • FL-2106010-M/J Civics B

Outline the three decisions any society must make when considering the use of its limited resources.

Answer

Answer:

Every society must decide what goods and services to produce with its limited resources. It must decide how to produce them, including which resources and methods to use. Finally, it must decide for whom to produce them, or how the goods and services will be distributed among people.

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