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what, how, how much, and for whom to produce

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What do economics systems of other countries have in common with the US?

They face the same basic economic problems


What do the economics systems in other countries have in common with the economic system of the us?

They face the same basic economic problems


What do the economic systems of other countries have in common with the economic system of the US?

They face the same basic economic problems


Why do countries with different economic systems face the same fundamental economic problems?

The central problem in economics is that resources are scarce and have alternative uses, but our wants are without limits! Therefore not all of our wants can be satisfied. We must therefore choose what goods and services to produce and therefore which of our many wants to satisfy.


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What word is the same as concerned?

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They saw the Vietnam War and oppression against blacks as symptoms of the same unjust political, economic, and social systems.


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