The Three Questions of Economics Answers

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Which consideration must a society address when deciding for whom to produce a potentially scarce or limited resource?

Who can be most creative with the product?

Who has the largest resource pool?

Who has the greatest need?

Who can bring in the greatest profit?

One of the three economic questions deals with deciding

what goods and services should be produced.

what the costs of production should be.

how goods and services will be marketed.

how consumers will receive products.

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