0
Basic economic questions would include the following: What works better, a centrally planned economy or a free market economy, or some mixture of the two? If you use a mixture, which economic model should predominate? Which works better, money or barter? If you use money, should it be Fiat currency or should it be backed by precious metals? Is globalization good or bad? How can nations protect themselves from the competition of other nations that have lower standards of living, less economic regulation, and therefore cheaper labor? How can an ever-expanding population continue to create new economic opportunity in a world which is of a fixed size? What do we do when Natural Resources run out? How can we prevent destructive economic fluctuations such as recessions and depressions?
Jacky Farrell
Wiki User
∙ 14y agoBasic economic questions would include the following: What works better, a centrally planned economy or a free market economy, or some mixture of the two? If you use a mixture, which economic model should predominate? Which works better, money or barter? If you use money, should it be Fiat currency or should it be backed by precious metals? Is globalization good or bad? How can nations protect themselves from the competition of other nations that have lower standards of living, less economic regulation, and therefore cheaper labor? How can an ever-expanding population continue to create new economic opportunity in a world which is of a fixed size? What do we do when Natural Resources run out? How can we prevent destructive economic fluctuations such as recessions and depressions?
Wiki User
∙ 15y ago1. What will be produced? 2. For who will it be produced? 3. How will it be produced?
Add your answer:
Earn +20 pts
Basic economic problem will not be solved by?
which one of the following is not one of the basic economic question
Which of these is not one of the basic economic question?
Where should products be produced
In his economic system Adam Smith believed that the basic economic question should be answered by whom?
Market
Which basic economic question most relates to labor?
How to produce?. studyisland(:
When markets or governments make economic decision about how to most efficiently convert their resources into goods and service what basic economic question are they answering?
Markets or governments make economic decisions about how to most efficiently convert their resources into goods and services. The basic economic question that is being answer is how to produce.
What basic economic questions are answered by he market?
One basic question is for whom goods and services are produced.
When market governments decide how to distribute wealth money goods and services what basic economic question are they answering?
Markets or governments make economic decisions about how to most efficiently convert their resources into goods and services. The basic economic question that is being answer is how to produce.
What type of economy is the basic economic question are answered do as you have always done?
Traditional.
What economy answers the three basic economic question with the phrase do as we have always done?
traditional
What is the basic economic problemthat takes choice nesesary?
The question is unclear. Please edit.
When market or governments make economic decisions about what goods and services their resources will be used to make what basic economic question are they answering?
What to produce
When markets or governments make economic decisions about what goods and services their resourcers will be used to make what basic economic question are they answering?
What to produce
