Answered

1.1.4 Quiz: Basic Economic Principles
Question 7 of 10
Societies make decisions about who gets the goods they produce by:
A. considering whether the government should distribute the goods.
B. differentiating between goods created using physical and human
capital.
C. dividing goods based on the factors of production used to make
them.
D. determining whether a good has a high enough level of scarcity.
SUBMIT



Answer :

GinnyAnswer

Final answer:

Societies allocate goods based on consumer affordability and government decisions.


Explanation:

Societies make decisions about who gets the goods they produce by: The allocation of goods and services in an economy is determined by a variety of factors, including individual choices, market forces, and government intervention. In a market economy, consumers who can afford goods and services largely dictate who receives them. On the other hand, in a command economy, the government decides the distribution of goods and services.


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