The basic economic decisions:
A) apply only to less-developed economies where scarcity is a real problem.
B) relate to what is to be produced and how well it satisfies consumer demand.
C) are decisions about production and distribution that must be made by every society.
D) differ in every society; that is, some societies face only one basic decision while others face two or three.
Correct Answer:
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Q1: The three basic economic decisions are:
A) what
Q2: The basic economic decisions are faced:
A) in
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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