Which Is NOT One of the Three Basic Economic Questions

question 82

Multiple Choice

Which is NOT one of the three basic economic questions that each society must answer?

• A) What goods and services are to be produced?
• B) How are the goods and services to be produced?
• C) Who decides what goods and services are in demand?
• D) Who will receive the goods and services?

Identify the conditions under which a bank must recredit a customer's account for a forged check.

Differentiate between a certified check and a cashier's check regarding bank liability.

Understand the legal relationship and obligations between a depositor and bank, including relevant legislation.

Explain the consequences of a bank's negligence or failure to honor its duties, including financial compensations.

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Definitions:

Affordable Care Act

A comprehensive health care reform law enacted in 2010 to improve access to health insurance, expand Medicaid, and support medical care delivery methods.

American Federalism

The division of power between the national government and the individual states in the United States.

Unitary System

A sovereign state governed as a single entity in which the central government is supreme and any administrative divisions (subnational units) exercise only powers that the central government chooses to delegate.

Political Cultures

The deeply rooted norms, values, beliefs, and attitudes that define the relationship between citizens and government within a political system.