When markets or governments make economic decisions about how to most efficiently convert their resources into goods and services, what basic economic question are they answering?

Answers

Answer 1
Answer: The answer would be : how to produce. When the markets or government make a decision about how to most efficiently convert their resources into goods and services, they answer the question of how to produce, such as how many labors that they're using, or what kind of technology that would increase their production process.
Answer 2
Answer:

The answer will be how to produce, hope this helped :)


Related Questions

What is a secret vote
Which part of the OSH Act protects employees from being fired or retaliated against for exercising your rights under the act.
Researchers presented participants with just one or two examples of information that strongly challenged their pre-existing stereotypes. These researchers found that, when presented with just one or two examples that challenge a strongly held stereotype, people ________.
Jason is actively trying to remember his teammates' names, so he writes down the numbers from their jerseys and the position they play on the team, along with the first letter of their names. He is using the numbers as ---------cues to help his memory for the names of his teammates.
Robin wants to start a business. In a market economy, how might he determine what to produce? Ask local officials and heads of families Check recent regulatory laws Survey potential consumers Write to a government committee

Providing empathy, trust, and flexibility are all characteristics of a good relationship. Group of answer choices True False

Answers

Answer:

True.

Explanation:

definitely true. :0 :)

Even though China is a communist nation, the United States maintains a strong and healthy relationship with the country. Which reason BEST explains why the United States maintains this relationship?a. The United States wants to help China in order to improve its relations with Asia.
b. China has the largest reserves of natural resources, and the United States needs them.
c. International trade is crucial to the U.S. economy, especially with powerful nations like China.
d. China has ...

Answers

c. international trade is crucialto the u.s.

Teachers can improve a student s self-esteem bya. being critical of their work.
c. controlling the learning environment.
b. letting a student set his or her own goals.
d. discouraging imagination.

Answers

well it would be letting the student set hes or hers own goals. it they do that the student will more likely feel more accomplished and better about themselves  

Answer:

setting their own goals student need to be independent on their own with out teachers and adults

Explanation:

In an effort to reduce binge drinking on campus, the university initiated an information campaign to raise awareness. within weeks of the beginning of the campaign, binge drinking incidents had increased. what is the best explanation for this?

Answers

I beleive the answer is: terror management theory

terror management theory refers to instinctual behavior that often displayed by individuals when they're facing something that could be a threat to their way of life.
In the example above, the number of binge drinkers would most likely be increased because they believe binge drinking is going to be banned from campus soon.

The idea that people remain at about the same level of happiness across time- regardless of what happens to them- is known as ________________.

Answers

This idea is known as hedonic treadmill or hedonic adaptation.

Spending that can change from year to year is known as spending.

Answers

Answer: Discretionary spending

Explanation:

Discretionary spending is known to be the type of spending that is not important or vital because it involves wants and not needs of individuals which changes from time to time or year to year. Thus, its examples are entertainment, travel and so on.