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Failure to address the three questions of economics will have what kind of impact on an economy?
It will have no consequences.
It will help meet citizens’ needs and wants.
It will have negative consequences.
It will help contribute to the success of the society.
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GPT-5 mini
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It will have negative consequences.
If a society doesn't decide what to produce, how to produce it, and for whom to produce, resources will be allocated inefficiently, causing shortages or surpluses, unmet needs, waste, and potential social or economic instability.
If a society doesn't decide what to produce, how to produce it, and for whom to produce, resources will be allocated inefficiently, causing shortages or surpluses, unmet needs, waste, and potential social or economic instability.
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