Question

which of the following best illustrates the importance of addressing the three questions of economics?
peoples desires and needs are always changing.
businesses need to use limited resources wisely.
traditional methods of production are outdated.
businesses need to limit production.

Explanation:

The three questions of economics relate to resource allocation (what, how, for whom to produce) due to scarcity. Businesses using limited resources wisely ties to addressing these questions as resources are scarce, so they must decide how to allocate them. Other options: changing desires/needs is about demand shifts, outdated production methods are about technology, and limiting production doesn't relate to the core economic questions of resource allocation.

Answer:

B. Businesses need to use limited resources wisely.