Identify one (1) normal good (product or service). Based on your chosen normal good, identify its substitute and complement good. Use the three basic questions.

A B C D E F G What gets produced? How is it produced? Who gets what is produced? References: Normal Good Product and/ or Service Substitute ComplementFIGURE 2.1 The Three Basic Questions Every society has some system or process that transforms its scarce resources into useful goods and services. In doing so, it must decide what gets produced, how it is produced, and to whom it is distributed. The three basic questions: 1. What gets produced? 2. How is it produced? 3. Who gets what is produced? Mix of output H .. . DO . . . .... . ... . Households Resources Allocation of resources Producers Distribution of output The primary resources that must be allocated are land, labor, and capital