Societies must address the question of WHAT to produce because:
A) We can't produce all the goods and services we want.
B) The amount of money in an economy is limited.
C) We are wasteful and use resources inefficiently.
D) Our economy experiences market failures.

Question

Quizplus · Accepted Answer

Resources are limited and cannot be used to produce all goods and services that society may want. Choices have to be made regarding which goods and services are to be produced using available resources.

Societies Must Address the Question of WHAT to Produce Because