QUESTION IMAGE
Question
answering the three economic questions
use the drop - down menus to complete each sentence.
land, labor, and capital also are known as factors of production.
economies must answer the three economic questions because resources are limited.
if an economy does not answer the three economic questions, resources may run out.
______ consequences can result when an economy does not answer the three economic questions.
options:
positive
negative
neutral
When an economy fails to address the three economic questions (what to produce, how to produce, for whom to produce), misallocation of limited resources occurs, leading to outcomes like shortages, inefficiencies, or waste—these are unfavorable results.
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Negative