The Three Questions of Economics Quiz Active

Failure to address the three questions of economics will have what kind of impact on an economy?
O It will have no consequences.
O It will help meet citizens' needs and wants.
O It will have negative consequences.
It will help contribute to the success of the society

It will have negative consequences.

Explanation:

Economies need to be able to take care of their people and meet their demands. To do so they will need to ask 3 Economic questions being;

The reason for this is to prioritize resources. Resources in an Economy are finite and so cannot be used carelessly. The 3 questions will therefore help an economy know what it needs prioritize in production so that the resources can be used efficiently.

If these questions are not addressed, the Economy might use resources in an inefficient manner that will make them even more scarce which will negatively affect the Economy.

answer; ///(3) three parts;

answer; engram;