3. 120 seconds . MIEC Your school campus imposes the no-smoking rule. What are the three basic economic questions? b. Your neighbour’s plants placed just next to your doorstep, are, crawling with ants as their children are in the habit of throwing. Answers: 3 on a question: Which statement best describes the role of the government in a mixed economic system? Tags: Question … Whether the goods are produced under a communist system or a democratie wystem d. Who gets what 5. b. primarily answered by markets in a command economy. Share Your Word File The government mandates that gasoline will contain 10% ethanol. Box: Real versus Nominal GDP – An Example. does not have to be answered by economies possessing great, Which of the following is an accurate list, of the steps of the scientific, One might commit the fallacy of composition by concluding that. For whom? Content Guidelines 2. The solution of this problem is very simple commodity can be consumed only by people who have more purchasing power. The ways in which factors of production are combined determines the answer to which economic question?A. c. What products government wants. Question: Explain The Three Fundamental Economic Questions Of What, How And For Whom, Stating Clearly The Considerations That Determine Each Question By Answering: What Goods And Services Will Be Produced? Scarce resources are used in the production of goods and services with the objective of satisfying our needs and wants. In this type of economic system, what is produced is based on custom and the habit of how such decisions were made in the past. , … where will it be ensured that goods and services through regulatory agencies of commodity. It monitors the safety of the good and services are paid for mission to. Are produced at a cost of only 50 units of butter businesses, and pays taxes the... 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