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One of the main questions of economics involves deciding upon the method for:
 
(i) distributing goods and services.
(ii) pricing goods and services. 
(iii) creating goods and services.
(iv) enhancing goods and services. 

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Deanna Hettinger
Deanna HettingerLv2
27 Jan 2020

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Related questions

One of the three main questions of economics addresses who should:
 
A. Produce goods and services.
B. Market goods and services
C. Receive goods and services.
We do not see complete specialization in the real world because: 
 
(i) not all goods and services are traded internationally, production of most goods involves increasing opportunity costs, and tastes for products differ. 
(ii) not all goods and services are traded internationally, production of most goods involves constant opportunity costs and tastes for products are remarkably uniform. 
(iii) not all goods and services are traded internationally, production of most goods involves decreasing opportunity costs, and tastes for products differ. 
(iv) all goods and services are traded internationally, production of most involves increasing opportunity costs, and tastes for products are remarkably uniform.

 

Other things the same, a fall in the economy's overall level of prices tends to:
 
(i) raise the quantity demanded of goods and services, but lower the quantity supplied.
(ii) raise both the quantity demanded and supplied of goods and services.
(iii) lower the quantity demanded of goods and services, but raise the quantity supplied.
(iv) lower both the quantity demanded and the quantity supplied of goods and services.

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