The Economic System That Answers the What, How and for Whom

question 83

Multiple Choice

The economic system that answers the What, How and For Whom questions the way they have always been answered is a:

• A) market economy.
• B) command economy
• C) soviet economy.
• D) traditional economy.

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Definitions:

Bias

A preconceived notion or preference that influences judgment or decision-making, often in a way that is considered to be unfair or prejudiced.

Semantic Differential

A scale used in surveys to measure attitudes or reactions to specific objects or concepts, usually ranging from positive to negative.

Fixed-Alternative Questions

Questions used in surveys or polls that offer a set number of specific options for respondents to choose from.

Scale

The size or level of something, especially in terms of the scope or extent of production, operation, or action.