The answer to Canada's 3 economic questions of (1) what to produce (2) how to produce and (3) for whom to produce is decided by which 2 of the following groups? Select yes or no. (1 point)
Yes or No parliament Yes - No
individuals Yes - No
government officials Yes - No -
corporations Yes -No
Yes - Government officials
Yes - Individuals
The answer to Canada's 3 economic questions is decided by the following two groups:
1. Yes - Parliament
2. Yes - Individuals
The correct answer is Yes for both Parliament and Government Officials.
In Canada, the answers to the three economic questions are generally decided by a combination of Parliament and Government Officials. Parliament, which consists of elected representatives, plays a significant role in setting the broader economic policies and regulations that guide the economy. They make crucial decisions about public spending, taxation, and social policies that influence what goods and services are produced.
Government officials, such as policymakers and regulators, also play a pivotal role in determining how to produce and for whom to produce. They implement and enforce the laws and regulations established by Parliament, overseeing industries, trade, labor, and other aspects of the economy. They also consider factors like efficiency, environmental concerns, and equitable distribution of resources while making decisions.
Individuals and corporations also play a part in the economy, but they do not have the sole authority to decide the answers to these economic questions.