The fundamental economic questions that every economic system must answer are:
A) what, how, and for whom.
B) what, why, and for whom.
C) when, why, and for whom.
D) how, when, and how much.
Correct Answer:
Verified
Q21: Whenever a choice is made:
A) the value
Q22: The problem of determining how goods and
Q23: The problem of determining what goods and
Q24: The statement that "there is no such
Q25: The problem of determining for whom to
Q27: Opportunity cost is:
A) the costs of all
Q28: A free good is:
A) also a scarce
Q29: In the 1930s, the federal government established
Q30: One question that arises when determining for
Q31: The three fundamental economic questions of what,
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