menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Principles and Policy Study Set 2
  4. Exam
    Exam 3: The Fundamental Economic Problem: Scarcity and Choice
  5. Question
    Which Type of Economy Must Answer the Questions of What
Solved

Which Type of Economy Must Answer the Questions of What

Question 130

Question 130

Multiple Choice

Which type of economy must answer the questions of what goods to produce, how to produce them, and for whom to produce them?


A) A centrally planned economy
B) A market-based economy
C) A developing economy
D) All types of economies must answer these questions.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q125: The fundamental goal of economics is to<br>A)provide

Q126: A society's decision to produce more tanks

Q127: Specialization in production<br>A)raises productivity.<br>B)requires money.<br>C)stimulates exchange.<br>D)All of

Q128: The political party that is in power

Q129: For a given production possibilities frontier, which

Q131: Although all points on the production possibilities

Q132: All of the points inside a production

Q133: From a society's viewpoint, when all resources

Q134: What are the three coordination tasks that

Q135: The production possibilities frontier for a country

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines