Every economy must answer each of the following questions, except for one. Which of the following is the exception?
A) Which goods will be produced?
B) Why are these particular goods produced?
C) Which resources should be used?
D) How should resources be combined to produce each product?
E) Who will actually consume the goods produced?
Correct Answer:
Verified
Q141: An economic system _
A) must choose socialism
Q142: Exhibit 2.5 Q143: The economic question of what will be Q144: A production possibilities frontier can shift outward Q145: An improvement in technology, all other things Q147: An improvement in the technology used to Q148: The production possibilities frontier will shift if Q149: If dairy farmers use automatic milking machines Q150: Which of the following economic questions does Q151: The production possibilities frontier of an economy
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