which of the following best illustrates the importance of addressing the three questions of…

which of the following best illustrates the importance of addressing the three questions of economics?\npeople’s desires and needs are always changing.\nbusinesses need to use limited resources wisely.\ntraditional methods of production are outdated.\nbusinesses need to limit production.

which of the following best illustrates the importance of addressing the three questions of economics?\npeople’s desires and needs are always changing.\nbusinesses need to use limited resources wisely.\ntraditional methods of production are outdated.\nbusinesses need to limit production.

Answer

Brief Explanations:

The three questions of economics (what to produce, how to produce, and for whom to produce) are centered around the efficient use of scarce resources. Businesses using limited resources wisely directly relates to these questions as it addresses resource - allocation, a key economic concept.

Answer:

Businesses need to use limited resources wisely.