Question

Each of the following is one of the three economic questions that must be answered by all nations except_____.

a. What goods and services will be produced?
b. Who will receive the profits earned when goods and services are produced?
c. What needs and wants will be satisfied with the goods and services produced?
d. How will the goods and services be produced?

Answer 1

The three economic questions that every nation must answer except in a market economy are: What goods and services will be produced? Who will receive the profits earned when goods and services are produced? What needs and wants will be satisfied with the goods and services produced?

Step-by-step explanation:

The three economic questions that every nation must answer except in a market economy are:

1. What goods and services will be produced?
2. Who will receive the profits earned when goods and services are produced?
3. What needs and wants will be satisfied with the goods and services produced?

In a market economy, the consumers who can afford to purchase the goods and services determine who receives them. In a command economy, the government decides who receives which goods and services.