List the three coordination decisions made by every economy.
A)Where? When? How?
B)How? What? To whom?
C)Why? Where? What?
D)When? To Whom? Where?

Question

Quizplus · Accepted Answer

Every economy has to make decisions about how to allocate its resources (how), what goods and services to produce (what), and to whom they will be distributed (to whom). These three coordination decisions are key to any economic system. Option A is incorrect because "where" is not a necessary coordination decision. Option C is incorrect because "why" is not a coordination decision, it is an external factor that may influence the decision-making process. Option D is incorrect because "when" is not a necessary coordination decision either.

List the Three Coordination Decisions Made by Every Economy