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☆☆☆☆☆Cards in this guide (8)
What type of economy is it where all economic decisions are based on age-old customs
A traditional economy is where all economic decisions are based on age-old customs.
Which term describes an economy with more than one type of economic structure
Mixed-market is the term that describes an economy with more than one type of economic structure.
What do people of a complex society work to produce
People of a complex society work to produce a sustainable food supply, social beliefs, specialized labor, and a workable system of government. They create language, religions, laws, and strive to produce high quality music, art, and literature.
What is the function of an economic spectrum chart
to grade the amount of freedom in each economic system
Which economy answers the three basic economic questions with the phrase Do as we have always done
Market
In Which type of economy does the government decide what to produce how to produce and for whom to produce
Controlled.
What best describes the efficiency function of economics
The government oversees the production of goods and services
What of the following is not a basic economic function of government
equality
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