Which Type of Economy Must Answer the Questions of What

question 130

Multiple Choice

Which type of economy must answer the questions of what goods to produce, how to produce them, and for whom to produce them?

• A)A centrally planned economy
• B)A market-based economy
• C)A developing economy
• D)All types of economies must answer these questions.

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Definitions:

Lacrimal Caruncle

A small, flesh-colored nodule at the inner corner of the eye, responsible for producing mucus and oil to lubricate the eye.

Tears

The liquid produced by the lacrimal glands to lubricate, clean, and protect the eyes from irritation and infection.

Regulate Light

To control or adjust the intensity, duration, or quality of light in a given environment or system.

Iris

The colored part of the eye surrounding the pupil, responsible for controlling the diameter and size of the pupil and thus the amount of light reaching the retina.