The Economic System That Answers the What, How and for Whom

question 72

Multiple Choice

The economic system that answers the What, How and For Whom questions using prices is a:

• A) market economy.
• B) command economy
• C) soviet economy.
• D) traditional economy.

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Definitions:

Flexibility Of The Self

The ability of an individual to adapt or modify their identity, behavior, and beliefs in response to changing situations or environments.

Brym And Lie

Authors known for their contributions to sociology, particularly in creating accessible textbooks and materials that explain sociological concepts and theories.

Overestimate

To assess something as greater or more significant than it actually is.

Hidden Curriculum

The unofficial and unintended lessons, values, and perspectives that students learn in school beyond the formal curriculum.