Question

What are three economic questions that every society has to answer?

Select 2 correct answer(s)
How many people should be rich and how many poor?
What goods and services should be produced?
To ship the goods and services overseas or not?
Who should get the goods and services?
Question 3 (1 point)

Answer 1

Every society must answer three economic questions: what to produce, how to produce it, and who should benefit from the production.

Step-by-step explanation:

The three economic questions that every society has to answer are:

1. What goods and services should be produced?
2. How should these goods and services be produced?
3. Who should get the goods and services?

These questions revolve around the basic economic problem of scarcity and the need to allocate limited resources efficiently. For example, societies must decide what to produce based on the needs and wants of their population, how to produce it using the available resources, and who should benefit from the production.

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