Economy, asked by rishadmohamed736, 1 month ago

Section B Answer all questions 1) A number of economies are devoting more of their resources to the provision of health care. Due to the economic problem, this involves them having to make difficult choices. a. What is meant by the economic problem'? [2] b. Using a production possibility curve diagram, explain why choices have to be made as to how to allocate resources. c. Explain how resources are allocated differently in market and mixed economic [6] systems.​

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Answered by gsrp44655
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