The fundamental economic problem is one of scarcity. The basic questions of economics become: What to produce? How to produce? For whom to produce?
The fundamental economic problem is one of scarcity. The basic questions of economics become: What to produce? How to produce? For whom to produce?
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 5SQ
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The fundamental economic problem is one of scarcity. The basic questions of economics become:
- What to produce?
- How to produce?
- For whom to produce?
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