Social Studies, 16.10.2020 09:01 Jonny13Diaz
The three basic economic questions societies face are
(1) what goods and services to produce, (2) how to
produce those goods and services, and (3) who will get
them.
In one or two paragraphs, explain how supply and
demand help societies determine their answers to these
three questions. Be sure to provide an example of the
effect of supply and demand on a society's answers.
Answers: 2
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“obamacare”: included a provision for government-run health insurance called “the public option.” was bitterly opposed by congressional republicans because most favored a “single-payer” plan. survived two challenges to its constitutionality. was partially repealed in 2013 in order to avert a government shutdown. led to the expansion of medicaid in republican controlled states.
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The industrial revolution began in great britain for a number of reasons. two advantages great britain had which were necessary for industrialization were a. raw materials and a large workforce. b. unstable politics and a small landmass. c. abundant land and a small population. d. private wealth and a strong military.
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The three basic economic questions societies face are
(1) what goods and services to produce, (2) h...
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