Solved If A Society Decides To Produce Consumer Goods From Its What price should goods and services be sold at? b: how can available resources be used efficiently? if a society decides to produce consumer goods from its available resources, it is answering the basic economic question: how to produce?. Answer: what to produce? explanation: 1) if a society decides to produce consumer goods from its available resources, it is answering the basic economic question: in terms of production, there are these main problems:.
If A Society Decides To Produce Consumer Goods From Its Available If a society decides to produce consumer goods from its available resources, it is answer the basic economic question what to produce? a survey conducted recently in china showed that in the last two years, investments in businesses increased by almost 75%. Because society has limited resources (e.g., labor, land, capital, raw materials) at any point in time, there is a limit to the quantities of goods and services it can produce. suppose a society desires two products, healthcare and education. the production possibilities frontier in figure 2.3 illustrates this situation. People will want more political freedom. study with quizlet and memorize flashcards containing terms like 2) economic systems, if a society decides to produce consumer goods from its available resources, it is answering the basic economic question., what allows consumers to receive goods and services in a non price rationing system? and more. A society (or country) might decide to produce candy or cars, computers or combat boots. the goods might be produced by unskilled workers in privately owned factories or by technical experts in government funded laboratories. once they are made, the goods might be given out for free to the poor or sold at high prices that only the rich can afford.
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