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

question 77

Multiple Choice

An economic system that answers the What, How, and For Whom questions using prices determined by the interaction of the forces of supply and demand is a:

• A) market economy.
• B) command economy.
• C) traditional economy.
• D) none of the above.

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Definitions:

Impact Craters

Circular depressions on the surface of planets, moons, or other celestial bodies, formed by the high-speed impact of a meteoroid, asteroid, or comet.

Point Bar

A depositional feature made of sand and gravel that forms on the inside bend of streams and rivers.

Erosional Features

Landforms created by the removal of soil, rock, or sediment through water, wind, ice, or other natural forces.

Radar Image

A representation of objects produced through the use of radio waves, often utilized in weather monitoring and mapping terrain.