Asked by Matthew Valenzuela on Jun 23, 2024

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The government is able to alter the outcome of the three basic economic questions (what? how? and for whom?)by _____________,________________,and __________.

Economic Questions

Fundamental questions addressing how an economy decides on what to produce, how to produce it, and for whom to produce, reflecting allocation of resources.

Government

The system or group of people governing an organized community, often a state, including institutions and officials that make and enforce laws.

  • Describe the fundamental economic inquiries that each nation must address as a result of limited resources.
  • Recognize the role of government in addressing externalities and providing public goods.
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CK
Challa KeerthiJun 29, 2024
Final Answer :
taxing;spending;regulating (any order)