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Title: Economic Systems - Unit 2 Test

What three questions must a society answer when determining its economic system?

A. When to produce, what to produce, why to produce.
B. What to produce, how to produce, and for whom to produce?
C. When to produce, how to produce, and how much to produce.
D. What seasons to produce, who gets the goods and services produced, and how the goods and services will be produced.

Sagot :

Final answer:

A society determines its economic system by answering three questions: what to produce, how to produce, and for whom.


Explanation:

Three Economic Questions

  • What should be produced?
  • How should goods and services be produced?
  • For whom should goods and services be produced?

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