What was significant of the monroe doctrine?

The Monroe Doctrine was a foreign policy statement originally set forth in 1823 which created separate spheres of European and American influence. The United States promised to stay out of European business and told the Europeans to stay out of the Western Hemisphere's business.

The Monroe Doctrine established precedence for American foreign policy in regard to the nations of Europe and their imperialistic desires.

every society, in order to meet the needs of it's people, has to answer three basic questions:

- what should we produce?

- how should we produce it?

- for whom should we produce it?

this questions must be answered in order to, option b, aid in production decisions.

every country can't produce everything, no matter how rich their land is. it may be a matter of technology, resources or geographical conditions. so, these three questions must be resolved in order to get the most of the production of each land.

hope this !

answer; (true);