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Q: What are the economy in three basic economic questions are answered by the interaction of supply and demand in a competitive market?
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Related questions

In this economic system smith believed that basic economic questions were answered by which group?

market


How do we classify a nation's economic system?

According to how the three basic economic questions are answered.


The basic economic questions are answered as you have always done?

traditional


In his economic system smith believed that basic economic questions were answered by which group?

market aPLUS


The average person has little influence on how the basic economic questions are answered.?

controlled function A person does have influence on how questions are answered. This is known to be from a controlled function.


The basic economic questions are answered. Do as we have always done.?

This cannot be answered. This question does not make any sense.


Basic economic questions are answered by a group of government planners.?

This is a controlled situation.


How are the three basic economic questions answered in the united stated be specific?

What to produce, how to produce it, and who to produce it for (the 3 economic questions) are answered primarily by private companies in the U.S. Rarely does the government intervene in private sector production.


Who answers the 3 basic economic questions in a market economy?

by the interaction of buyers and sellers in a marketplace.


In what type of economy are the basic economic questions answered as you have always done?

traditional > <


What is the best description of a traditional economy?

The basic economic questions are answered by the customs of the past.


What are the three basic economic questions must be answered in a barter economy.?

guide the economy