The way in which societies answer the three basic economic questions results in different economic systems, also known as ______ ; Your answer here;systems.

An economic system where the question of economic problems is resolved by the government through a central planning board is called_________ economy.

Which of the following is the best description of an economy as described in your textbook?Group of answer choicesIt is a system of power and authority to finance governments.It is a system of producing and distributing goods and services.It is a system of protecting the people from unsafe products.It is a system of checks and balances.

Which economic system views land as the source of wealth?Group of answer choicesphysiocrats, traditional economic systemeconomic liberalism, a market economic systemmercantilism, a command economic system

The idea that the U.S. economy uses the market mechanism to distribute most goods and services and those who receive the most income get the most goods is best represented by which question?Multiple choice question.WHAT goods and services are produced?HOW is output produced?FOR WHOM output is produced?

Which fundamental economic question requires society to choose the technological and resource mix used to produce goods? A. The what to produce question B. The why to produce question C. The how to produce question D. The for whom to produce question