Answered



When deciding how to answer the three key economic questions, a country should:


Take control of as much industry as it is capable of managing


Listen to the needs and desires of its populace


Only become involved in economics in meaningful ways


Leave all decisions concerning the economy to owners of businesses

Verified Answer :

the correct answer is to listen to the needs and desires of it's people. If a economy is going to be successful, you have to keep the people placed in the economy included in everything.

creamymoorfoot

When deciding how to answer the three key economic questions, a country should: listen to the needs and desires of its populace.

The three key economic questions are:

  1. What to produce? Knowing the needs and desires of the population can help the government make decisions about what products to incentivize in order to fulfill the people's demands.
  2. How to produce it?   Knowing the needs and desire of the population help guide the country's economic policies. This policies can affect how goods are being produced.
  3. For whom it should be produced? A country's population, in most cases, will be a major consumer of a good that is produced. Listening to the population's needs and desires helps narrow down the target audience for each industry.

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