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3 Fundamental Economic Questions: (Ch 1)

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The 3 Fundamental Economic Questions from Chapter 1- Micro.
Olivia t
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Olivia t
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3 Fundamental Economic Questions: (Ch 1)
  1. What goods and services will be produced?
    1. How will goods and services be produced?
      1. Who will receive the goods and services produced?
        1. Two opposing Answers:
          1. centrally planned economy
            1. market economy (price system)
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