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Question
which of these best illustrates the importance of addressing the three questions of economics? businesses need to limit production. traditional methods of production are outdated. businesses need to use limited resources wisely. peoples desires and needs are always changing.
The three questions of economics deal with what to produce, how to produce, and for whom to produce. The need for businesses to use limited resources wisely is central to these questions as it relates to efficient production and allocation, which are key economic concerns.
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Businesses need to use limited resources wisely.