What Is the Type of Mechanism That Answers the Basic

question 44

Multiple Choice

What is the type of mechanism that answers the basic economic questions through a decentralized decision making process?

• A) market system
• B) dictatorship
• C) command and control
• D) mixed economic system

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Definitions:

Mnemonics

Memory aids, often in the form of patterns of letters, ideas, or associations, that help in remembering information.

True Experiment

An experimental design with a control group and an experimental group, where the researcher manipulates the independent variable to observe its effect on the dependent variable.

Research Question

A specific question that a study aims to answer, providing focus and direction for the research.

Materialism

The belief or attitude that physical possessions and their acquisition are more important than spiritual or emotional values.