Question

Every economy has limited resources, thus cannot produce all the goods, signifies the problem of ________ to produce. (1 Point)
1 what to produce
2 how to produce
3 For whom to produce​

Answer 1

Answer:

Every economy has limited resources and thus, cannot produce all the goods. More of one good or service usually means less of others. For example, production of more sugar is possible only by reducing the production of other goods. ... This is a problem of allocation of resources among different goods.