What are some needs and concerns that governments must consider when answering the Three Basic
Economic Questions?

Answers

Answer 1

Answer:

What should we produce?

How should we produce it?

For whom should we produce it?

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. The possibilities are endless.

Although every society answers the three basic economic questions differently, in doing so, each confronts the same fundamental problems: resource allocation and scarcity.

Resources are all of the ingredients needed for production, including physical materials (such as land, coal, or timber), labor (workers), technology (not just computers but, in a broader sense, all the technical ability and knowledge that is necessary to produce a given commodity), and capital (the machinery and tools of production). Scarcity refers to the essential fact that people’s wants or desires are always going to be greater than the resources available to fulfill those wants.

Simply put, scarcity means that resources are limited. No country can produce everything, no matter how rich its mines, how massive its forests, or how advanced its technology. Because of the constraints of scarcity, then, decisions must be made about resource allocation (that is, how best to allocate, or distribute, resources for the maximum benefit of the society).

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Related Questions

Which of the following is an absolute power of the president?
A. Appointing federal judges, U.S. marshals, or U.S. attorneys
B. Making formal agreements between the United States and foreign states
C. Vetoing portions of laws the presidents party opposes
D. Pardoning a group of people for violating federal laws

Answers

Answer:b I’m highly positive it is

Answer:

I thought it was C

Explanation:

The president has the right to veto bills

Which of the following is a guns and butter decision?

Answers

Answer:

Denmark taking care of their people, rather than being involved in war.

Explanation:

Guns and butter generally refer to the dynamics involved in a federal government's allocations to defense versus social programs when deciding on a budget. Both areas can be critically important to a nation's economy. ... Times of war can have a substantial effect on a country's economy and its societal progression.

Personal power is generally perceived as a result of all the following except _____. Group of answer choices

Answers

Answer:

Persuasiveness, legitimate authority

Explanation:

Power can simply be said to be the Authority and ability that an individual has to get things accomplished or done rhe way he or she wants. It is the Capability or capacity to get others to do something one wants them to do that they would not do on their own before.

Personal is also known as Referent Power which is one among the seven theories of power.

Referent Power is one that is focused on an individual's attractiveness to and friendship with other along with style and charisma. It has three sources of power: expert power, referent power, and prestige power. They are all derived from the person rather than the organization.

Describe the technique used by formes to spread
water across the land?

Answers

Answer:

Rotating crops and embracing diversity. ...

Planting cover crops. ...

Reducing or eliminating tillage. ...

Applying integrated pest management (IPM). ...

Integrating livestock and crops. ...

Adopting agroforestry practices. Etc.

Which method is the best way to organize data about changes in a company's
stock price over time?
A. Drawing a line graph
B. Conducting a survey
C. Creating a pie chart
D. Searching a database

Answers

Answer:

i say c. creating a pie chart hope this help

Explanation:

tell me if this is wrong:)

Answer:

a line graph

Explanation:

:)

Where does the nomination happen for the republic and democratic party?

Answers

Answer:

in the primary election.

Explanation:

During the primary election, the people can vote for the person who will represent the party in the general election.

Keep in mind that the winners of the primary election does not won the general election. They only won the right to become a candidate that will compete with another party.

The way a party run their primary election tend to varies. But in general, there are two types of primary election. Closed primary (where only the registered members of the party can cast a vote) and open primary (the all people can vote)

Robert E. Lee was the commander of all the confederate armies.
True
Or False

Answers

Answer:

false he was a general

Explanation:

The ancient philosopher Plato believed that true knowledge:

Answers

Answer:

Plato believed that there are truths to be discovered; that knowledge is possible. Moreover, he held that truth is not, as the Sophists thought, relative. Instead, it is objective; it is that which our reason, used rightly, apprehends.

Explanation:

Plato believed that there are truths to be discovered; that knowledge is possible. Moreover, he held that truth is not, as the Sophists thought, relative. Instead, it is objective; it is that which our reason, used rightly, apprehends.

Choosing not to take your vacation in an active war zone, regardless of how much natural beauty may be found in that part of the world, is an application of risk ________.

a. mitigation
b. transference
c. acceptance
d. avoidance

Answers

Answer:

d. avoidance

Explanation:

Risk avoidance is a choice to avoid an activity, happening that carries some element of risk. This may lead to doing away with pleasurable sight or some activities, it usually comes with some loss. example is choosing not to take your vacation in an active war zone, regardless of how much natural beauty may be found in that part of the world.

The vacation will be a good time to relax and see a lot of beautiful things but this will not happen because one looses the chance to experience the natural beauty that exists in that area while the risk of being harmed or injured is averted.

Please help me i’ll give brainly

Answers

The answer is abrasion

my brother keeps telling on me and won't stop I need help to stop him from telling every 30 seconds

Answers

Try talking to him. And if that doesn’t work tell on him every 30 seconds.

Answer:

Tell on your brother

Explanation:

Tell your parents that he keeps on telling on you for no reason they should believe you

The tallying of popular votes at the state level then transferring those votes to a national (presidential) vote is called:______.
A. Gerrymander.B. popular vote.C. reapportionment.D. electoral college.

Answers

i’m pretty sure the answer to this question would be popular vote

The tallying of popular votes at the state level and then transferring those votes to a national (presidential) vote is called electoral college. So the correct option is D.

In order to determine the winner of the presidential election in the United States, the popular votes from each state are counted and then translated to a national vote through the electoral college procedure.

With a total of 538 electoral votes at stake, each state is given a specific number of electoral votes based on its congressional representation. The winner of the presidential election is the one who wins the most electoral votes (at least 270).

The Constitution specifically mentions the electoral college system, which has long been a part of presidential elections in the United States. So the correct option is D.

To learn more about the electoral college link is here

brainly.com/question/1042279

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3. What is happening at point C in the diagram?
I

Answers

Answer: The answer is B, the ground warms the atmosphere through conduction

Explanation:

A child is just learning to use words. She would be in the
stage.
A. concrete operational
B. formal operations
C. preoperational
D. sensorimotor

Answers

Answer: I think the answer is or C

Explanation: It's not D because thats for when a child is starting to recognizing thingsby touch. Its C because that is the ages 3-7 which is when you start learning letters/numbers/words. Its not B for I am in this stage 12+ And its not A because that is for infants aka anything under the age of 2

Using your own words, explain why recognizing patterns of continuity and change over time is important.​

Answers

Answer:

they are also doing a lot in common

What is the job of lobbyists?

a
to influence lawmakers on behalf of interest groups
b
to pass bills into laws
c
to safeguard people's rights
d
to limit government spending

Answers

Answer:

A To influence lawmakers on behalf of interest groups

Explanation:

pahelp naman po guys . please!!!​

Answers

Answer:

can we be friends

Explanation:

hii hlo my name is kimmi

The Epic of Gilgamesh is believed to be the first

Written epic

Code of laws

System of writing

Answers

Answer:

Written Epic

Explanation:

Answer:

Written epic

Explanation:

List and explain two of the reform acts, directed at children, that were passed in Great Britain.

Answers

Answer:

one of them is social reforms. the British Empire

Explanation:

important reforms included legislation Owen child labor safety and mines factories Public Health and the end of slavery in the British Empire . by 1880 was education was compulsory for all children up to the age of 10 . there also was a prison reform and the establishment of the police


Help me please it’s due today at 12:00

Answers

Answer:

Electric force is when the two magnets either of the same type will repel or attract

Repel is when two magnets of the same king will not go together because there is to much electric

Attract is when the tow magnets of the same kind will come together when they have the same electric force

Explanation:

I do not know if this is correct but good luck!!!

Which of the following individual is most qualified to be president of the United States?

a
Luther, a U.S. citizen for 40 years, master plumber, and volunteers at his kid’s elementary school.
b
Roman is a natural-born U.S. citizen and hold degrees in social studies and political science. He is currently the governor of his state. He is 47 years old.
c
Paulina is 31 years old and a U.S. citizen. She earned degrees in civics and law.
d
Audra is a naturalized citizen of the United States. She teaches high school social studies and geography.

Answers

I agree with answer B !

Answer: B

Explanation:

Because according to the law the president must be born in the United States of America.  They have to be at least 35 years old, and you must have had to live in the united states for at least 14 years.

Why is the United States Congress divided into two houses?

Answers

Answer:

To balance the interests of both the small and large states, the Framers of the Constitution divided the power of Congress between the two houses. Every state has an equal voice in the Senate, while representation in the House of Representatives is based on the size of each state's population.

Explanation:

Answer:

To balance the interests of both the small and large states and to divided the power of Congress between the two houses. Every state has an equal voice in the Senate, while representation in the House of Representatives is based on the size of each state's population.

Explanation:

What does the world Olmec mean

Answers

Answer:

Definiton 1: a member of a prehistoric people inhabiting the coast of Veracruz and western Tabasco on the Gulf of Mexico (c. 1200–400 bc), who established what was probably the first Meso-American civilization.

Definition 2: a people living in the same general area as the prehistoric Olmec during the 15th and 16th centuries.

Explanation:

Hope this helps :)

Which physical properties are associated with most metals?

Answers

Answer:

roperties of Metals

Metals have relatively high melting points. This explains why all metals except for mercury are solids at room temperature.

Most metals are good conductors of heat. ...

Metals are generally shiny. ...

The majority of metals are ductile. ...

Metals tend to be malleable.

PLEASE HELP
Select all types of government in which citizen's need are not considered when passing laws.

Unlimited
Constitutional Monarchy
Limited
Oligarchy
Dictatorship

Answers

Answer: it think the answer is

Unlimited-holds all power no limited in power

Dictatorship- a single or group of people who have all the power

Oligarchy-made of a small group of rich people that have the only a say in laws

Answer:

Unlimited-holds all power no limited in power

Dictatorship- a single or group of people who have all the power

Oligarchy-made of a small group of rich people that have the only a say in laws

Explanation:

How did trade benefit ancient Egyptians? They acquired goods that were not available in Egypt. They exported their culture to places across the globe. The learned about religious practices from other regions. They adopted an improved form of government from trading partners.

Answers

Answer:

I think the best answer would be the first option

Explanation:

When talking about how trading would benefit the ancient Egyptians and not other nations, the first answer would be the best response.

Was that your question? I didn't really know what you were asking lol

Answer:

They acquired goods that were not available in Egypt.

Explanation:

                      edge lol

In the context of social relations,
is action that is beneficial to others.

Answers

the second option ! is correct

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Phoenician culture was influenced by trade with __________.

A) the Egyptians

B) the Kush

C) the Aztecs

Answers

Answer:

A) The Egyptians

Explanation:

They traded with the pharaohs, and there were several records of this

Who is Thomas Byrnes and why did he have to change law enforcement?

Answers

Answer:

Thomas Byrnes became one of the most famous crime fighters of the late 19th century

Explanation:

Answer:

Thomas F. Byrnes was an Irish-born American police officer, who served as head of the New York City Police Department detective department from 1880 until 1895, who popularized the terms "rogues gallery" and "third degree".

Explanation:

The nineteenth-century saw the rise of the professional detective, both public and private, as a leading figure in the fight against crime. On a city police force, it was no longer sufficient for an officer to grab a ne’er-do-well off the street and throw him into jail, he must also gather the evidence and testimony needed to convict the perpetrator. The force needed men—and sometimes women—with the ability to read clues and follow the trails of a criminal class growing ever more sophisticated at eluding detection. In the private sector as well, agencies sprang up to provide these services to those who, for whatever their reason, were not interested in making their investigations public.  New York City Police Inspector Thomas F. Byrnes, almost singlehandedly transformed the department from a collection of club-wielding thugs to a modern, efficient crime-fighting organization. Under Byrnes’s leadership, police procedures were standardized and criminal information was stored systematically; the New York City Police became the model for police departments throughout the country.

Which idea is President Reagan trying to persuade the audience to support?

Answers

Answer:

A. His policies will increase spending and cut taxes.

B. His policies will cut taxes and increase inflation

C. His policies will strengthen the economy and balance

the budget

D. His policies will strengthen the economy and

increase taxes

Explanation:

Answer:

(C) His policies will strengthen the economy and balance the budget.

Explanation:

Just took test

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