the answer to Canada's 4 economic questions of 1 what to produce 2 how to produce 3 for whom to produce is decided by which 2 of the following groups parliament, individuals, government officials, corporations select yes or no
The two groups that typically decide the answer to Canada's economic questions are parliament and government officials. These groups work together to establish economic policies and make decisions regarding what to produce, how to produce, and for whom to produce. Individuals and corporations also have some influence through their interactions with the market, but the overall direction is set by the government and parliament.
In Canada, the decisions related to the four economic questions (what to produce, how to produce, for whom to produce) are typically influenced by two main groups: parliament and government officials. These groups play a significant role in setting policies, creating legislation, and implementing economic strategies that help shape the country's economic decisions. While individuals and corporations may have some influence through their economic activities, the ultimate decision-making power lies with parliament and government officials. Therefore, the answer would be "yes" for parliament and government officials.
To determine the answers to Canada's four economic questions, the decision-making power is divided among multiple groups. Let's break it down:
1. What to produce: This refers to the goods and services that will be produced in the country. The decision on what to produce is influenced by the demand and needs of the people, as well as the market forces. Ultimately, individuals and corporations play a significant role in determining what to produce by expressing their preferences through consumption and entrepreneurial activities. So, individuals and corporations have an influence on this decision.
2. How to produce: This question pertains to the methods and techniques used to produce goods and services. In Canada, the decision on how to produce is primarily determined by individual businesses and corporations. They choose the most efficient and cost-effective means of production to maximize their profits and competitiveness in the market.
3. For whom to produce: This question involves the distribution of goods and services among the population. In Canada, the answer to this question is influenced by both market forces and government policies. The purchasing power and demand of individuals in the market determine to some extent who the goods and services are produced for. Additionally, the government plays a role through various policies, social programs, and taxation, aiming to ensure fair access to resources and improve the overall welfare of citizens.
Based on this breakdown, the two groups that have the most significant influence in deciding the answers to Canada's economic questions are individuals and corporations. They influence what to produce through their preferences and demand, and they determine how to produce through their entrepreneurial activities and business decisions. However, it is also important to note that the government plays a role in guiding and regulating these decisions and ensuring social welfare. Therefore, the answer would be "individuals and corporations."