3 Basic Questions in Economics

economic systems deals with the production, distribution, and consumption of G & S in a society

Figuring out a way to get crude oil to meet our energy needs, is an example of which question:

economics is the study of how

A shoe manufacturer should market their products toward who?

standard of living is quality of life based on stuff that makes life easier

Should American producers use resources for national defense or services for the unemployed?

With limited resources, should a farmer grow wheat, cotton, or lettuce?

How should hogs be raised before they become food?

Which people should receive the limited supply of the flu vaccine?

Should a local government use resources to build a new school or repair a highway, is...

Building a new school would benefit who?