The government answers all three economic questions in a

Ask any economics question and an expert will answer it in as little as 30 minutes. The government does this because they think itwill keep their country out of.

You must answer all 3 of the long answer questions 11 12 and 13.

The government answers all three economic questions in a. The government answers all three economic questions in a a. Command economy that follows a communist model. Command economy that follows a socialist model.

How much to produce. Who gets the goods. What need and wants are answered more fairly with government involvenmetn.

Education health care employment mass transit. Government north north Koreas government. Owns all property and economic output.

Theres is some private production intervention less extreme in chinas economy. Because of scarcity every nation is faced with The 3 Key Economic Questions. Who consumes the goods services produced in society.

For whom is a public choice question. Private ownership of the factors of production and regulation of businesses by government. Market exchanges answer all three of the big economic questions.

Family customs and traditions determine what and how to produce a good. Government answers all three of the big economic questions. The below list is attributed to what type of economy.

-A form of government in which state owns most industries. -A form of government in which people strive for economic equality. -The government is responsible to create programs that benefit the poor ie Healthcare answer choices.

Answer all of the truefalse questions. You may choose which 2 of the 3 short answer questions 8 9 and 10 to answer. You must answer all 3 of the long answer questions 11 12 and 13.

Note that the last page of the exam contains extra credit questions. The exam is worth a total of 133 points. Each of the long answer questions.

Distribution of goods and trade is limited in each system. Government is the best source to answer the basic economic questions. Log in to add comment.

Ask any economics question and an expert will answer it in as little as 30 minutes. In a command economy the government answers the three basiceconomic questions. The government does this because they think itwill keep their country out of.

In a Centrally planned economy also known as a command economy the central government controls the factors of production and answers the three basic economic questions for all of society. Two systems often mentioned when centrally planned economies are discussed are socialism and communism. The government answers the three economic questions in which type of an economy.

A mixed economy Weegy. German socialists formed a social democracy in the 1860s in order to transition gradually from capitalism to socialism. Expert answeredcolossus09Points 81.

For each question there are four possible answers A B C and D. Choose the one you consider correct and record your choice in soft pencil on the multiple choice answer sheet. 23 In an open economy with a government sector the marginal propensity to import is 03 the.

Centrally Planned Economies Chapter 2 Section 3 Government answers all the three basic questions and regulates the factors of production. Including labor Socialism - the philosophy is that there is political and economic equity- approach to distribution of goods. Public control Communism- Centrally Planned System that allows the government to control the economy.

In a Centrally planned economy also known as a command economy the central government controls the factors of production and answers the three basic economic questions for all of society. Two systems often mentioned when centrally planned economies are discussed are socialism and communism. Combines elements of traditional market and command economic models to answer the three basic economic questions - economists classify economies on the degree of government control.

Authoritarian socialism capitalism democratic socialism. The three economic questions that every society must answer are as follows. What to produce How to produce and For whom to produce The answers to these questions handle the matters of how to deal with scarcity and how to efficiently allocate resources.

In a command economy the matter of what goods to produce is handled by a central. All these answers are correct. 2 According to James Madison the source of most factions is the a.

Unequal distribution of property. American political tradition of association. System of separation of powers in the US.

Concept of majority rule. The French Revolution Class 9 Important Questions Very Short Answer Type Questions. Who was the ruler of France during the revolution.

Louis XVI of the Bourbon family was the ruler of France. Name the three Estates into which the French society was divided before the Revolution. The classification of economic activities into primary secondary and tertiary is useful as it helps to classify the different occupations that are taken up by the people in the country and how much each sector contributes to the growth of the country.

It is also important because it helps in asserting that which sector contributes the most in the GDP and which sector has the scope to employ more people. How do economic systems answer the basic economic questions. Economic Systems UNIT THREE NOTES.

Economic Systems An economic system describes how a countrys.