Describe the Three Basic Questions That Must Be Answered for Any

question 58

Essay

Describe the three basic questions that must be answered for any economy, and provide explanations for each question for both capitalist and more government-controlled economies.

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Definitions:

Somatic Nervous System

A part of the peripheral nervous system that is responsible for carrying motor and sensory information both to and from the central nervous system.

Sympathetic Nervous System

The division of the autonomic nervous system that mobilizes the body’s resources during stress and emergencies, preparing the body for action.

Parasympathetic Nervous System

is a division of the autonomic nervous system responsible for rest and digest functions, conserving and restoring energy.

Autonomic Nervous System

The part of the nervous system responsible for the control of bodily functions not consciously directed, such as breathing, the heartbeat, and digestive processes.