8 questions
Which economic system allows the individual to answer the 3 economic questions?
Command
Market
Traditional
Mixed
Which economic system is most likely to be used in a country that doesn't trade much with other countries?
Traditional
Mixed
Command
Market
Which economic system has the government answer the three economic questions?
Traditional
Mixed
Command
Market
True or False
What a country should produce is one of the Three Economic Questions.
True
False
True or False
Consumers have unlimited needs, but they have limited wants.
True
False
Identify the 3 economic Questions.
What goods and services will be produced?
When will this quiz be over?
How will the goods and services be produced?
What needs and wants will be satisfied with the goods and services produced?
How much money should be charged for needs and wants?
Which economic system do you believe is the best at answering the three economic questions
Mixed
Traditional
Market
Command
Select the 4 people in your group. Make sure that the first one selected is you.