The Economic System in Which the Basic Economic Questions Are

question 2

Multiple Choice

The economic system in which the basic economic questions are answered through markets with some government intervention is a:

• A) command economy.
• B) mixed economy.
• C) market economy.
• D) planned economy.

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Definitions:

Research

The systematic investigation and study of materials and sources in order to establish facts and reach new conclusions.

Avoidance Responses

Behaviors aimed at preventing exposure to feared stimuli, which can reinforce anxiety and phobic disorders.

Modeling

The process of creating representations of systems or behaviors, often through mathematics or simulations, to predict and understand complex phenomena.

Recoil

The backward movement experienced after a firearm is discharged or a similar reaction to force in other contexts.