The basic economic decisions are faced:
A) in every economy because of scarcity.
B) in every economy because every society has a formal government.
C) only in market economies since no decision making is allowed in planned economies.
D) only in advanced economies where enough goods and services are produced to force people to make choices.
Correct Answer:
Verified
Q1: The three basic economic decisions are:
A) what
Q3: The basic economic decisions:
A) apply only to
Q4: Which of the following is NOT a
Q5: Every country in the world, regardless of
Q6: The way a society is organized to
Q7: Decisions about what goods and services will
Q8: With reference to the basic economic decisions,
Q9: A society's economic system is defined by:
A)
Q10: The way in which a country makes
Q11: Which of the following statements best describes
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