Economic Systems Can Be Classified Based on

question 48

Multiple Choice

Economic systems can be classified based on

• A)the ownership of resources only
• B)the ownership of resources, the types of crops grown, and the incentives used to motivate people
• C)the way resources are allocated to produce goods and services and the incentives used to motivate
• People only
• D)the ownership of resources, the way resources are allocated to produce goods and services, and the
• Incentives used to motivate people
• E)the ownership of resources, the way resources are allocated to produce goods and services, and the
• Average education of workers