What three basic questions must all economies answer?
A
What should be produced, how should it be produced, and who should it be produced for?B
What resources are most scarce, why are they scarce, and how can they be made less scarce?C
What do consumers want, how much are consumers willing to spend, and how much should goods cost?D
What is the culture of the economy, what values do consumers have, and how will customs affect buying?