Trade-offs force society to make choices when answering what three fundamental questions?
A)What will be the prices of goods and services; how will these goods and services be produced; and who will receive them?
B)What goods and services to produce; how will these goods and services be produced; and who receives them?
C)Who gets jobs; what wages do workers earn; and who owns what property?
D)How much will be saved; what will be produced; and how can these goods and services be fairly distributed?

Question

Quizplus · Accepted Answer

The three fundamental questions of economics are what to produce, how to produce it, and for whom to produce it. Trade-offs arise because society cannot have everything they want, so choices need to be made about what goods and services to produce, how to produce them (using what resources and technology), and who will receive them. Option B is the best choice as it presents the three fundamental questions accurately. Options A, C, and D are either incomplete or incorrectly identify the fundamental questions.

Trade-Offs Force Society to Make Choices When Answering What Three