The three questions of economics are based on decisions made by economies. What statement best describes why economies must make these decisions?

Economies must make these decisions because resources are unlimited, but production must be limited.

Economies must make these decisions because resources are limited.

Economies must make these decisions because consumers cannot make decisions on their own.

Economies must make these decisions to prevent producers from over-producing.

Question

Addyson Burke

Social Studies

21 December, 11:34

The three questions of economics are based on decisions made by economies. What statement best describes why economies must make these decisions?

Economies must make these decisions because resources are unlimited, but production must be limited.

Economies must make these decisions because resources are limited.

Economies must make these decisions because consumers cannot make decisions on their own.

Economies must make these decisions to prevent producers from over-producing.

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Answers (1)

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Krista Schmidt · Answer 1

The second statement best describe why economies make these decisions because the resources are scarce and therefore the economies must make a suitable decision to make sure that the resources are sustainable.