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Earn +20 ptsQ: What Three question every economy must answer?
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What are the three basic questions that every economic system must answer?
In every type of economy? How about -- growth rate, employment rate, and trade balance.
Why an economy's income must equal to it's expenditure?
For an economy as a whole, income must equal expenditure because:u Every transaction has a buyer and a seller.u Every dollar of spending by some buyer is a dollar of income for some seller.
What are three economic choices every society must make?
The three economic choices every society must make is what the society will produce, how it will be produced, and who will get what is produced.
Under the command economy who decides the answer to the three questions the all economic systems must answer?
the people
What three questions determine a country's economic system?
There are three simple questions an economy of a country must answer. They are "what to produce," "how to produce," and "for whom to produce."
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