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:

Qualitative Methods

Research approaches that focus on understanding aspects of human behavior and the reasons that govern such behavior through observational and interpretational techniques.

Needs Assessment

A systematic process for determining and addressing needs, or gaps between current conditions and desired conditions.

Focus Groups

A research method involving guided discussions with a group of people to gather their opinions on a specific subject.

Normative Needs

Needs that are considered standard or expected within a given cultural or societal context.