New Zealand is a country with a lot of natural resources. They produce goods and services by maximizing the use of their resources and minimizing wastes. The Minimization of wastage as a central economic problem resolved by New Zealand is related to ______________. a. How to distribute the products and services? b. What goods and services to be produced? c. The problem of efficiency. d. How to produce the goods and services?
New Zealand is a country with a lot of natural resources. They produce goods and services by maximizing the use of their resources and minimizing wastes. The Minimization of wastage as a central economic problem resolved by New Zealand is related to ______________. a. How to distribute the products and services? b. What goods and services to be produced? c. The problem of efficiency. d. How to produce the goods and services?
Chapter5: Introduction To Macroeconomics
Section: Chapter Questions
Problem 1.1P
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New Zealand is a country with a lot of natural resources. They produce goods and services by maximizing the use of their resources and minimizing wastes. The Minimization of wastage as a central economic problem resolved by New Zealand is related to ______________.
a.
How to distribute the products and services?
b.
What goods and services to be produced?
c.
The problem of efficiency.
d.
How to produce the goods and services?
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