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How does Israel's economy answer the questions of how to produce what to produce it and for whom to produce it?
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∙ 12y ago
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∙ 12y ago
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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."
In Which type of economy does the government decide what to produce how to produce and for whom to produce?
Controlled.
What three questions does economics as a field of study attemp to answer?
What is to be produced? How will it be produced? For whom will it be produced? The questions are What to produce, How to produce and For whom to produce
Which type of economy does the government decide what to produce how to produce and for whom to produce?
Controlled.
What are three basic econmic questions?
what to produce? how to produce it? for whom to produce it?
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."
In Which type of economy does the government decide what to produce how to produce and for whom to produce?
Controlled.
What three questions does economics as a field of study attemp to answer?
What is to be produced? How will it be produced? For whom will it be produced? The questions are What to produce, How to produce and For whom to produce
What are the 3 economics questions?
The 3 Economics questions are: 1) What to produce 2) For whom to produce 3) and How to produce.
What type of economy does the government decide what to produce and how to produce and for whom to produce?
Controlled.
Which type of economy does the government decide what to produce how to produce and for whom to produce?
Controlled.
What type of economy does the government decide what to produce how to produce and for whom to produce?
Controlled.
What are three basic econmic questions?
what to produce? how to produce it? for whom to produce it?
What are the three economic questions that economic systems must answer?
The 3 basic questions in economics are: What to produce? How to produce? For whom to produce?
How are the economic questions of what to produce and how to produce decided in a market economy such as the US?
All three of the basic economic questions, in a market economy is answered by the market: What to produce: This is determined by what is demanded and what can be supplied (with the resources) in an economy. How to produce: This is determined by the resource available although theoretically, it should produce at the bottom point in the average cost curve. To whom to produce: Although not stated in the question, this is still a fundamental question in an economy. In a market economy, this question is answered by the demand and supply: The good is produced for all those who is willing and able to buy that good at a given price (determined by the demand and supply.)
What are the characteristics of a traditioal economy?
The economic questions (Whom for, how much, what kind, and how do we produce goods/services) is answered by tradition, custom, ritual, religion, or yer mum (seriously.)
Who sets the price number of items to produce and for whom to produce in a command economy?
alfred wegner
