Every economy has to answer three questions. Which of these is NOT one of them?

What goods should be produced, and how much?Correct answerYour answerWho should govern the country?Correct answerYour answerHow should the goods be produced?Correct answerYour answerHow should the goods be distributed?Correct answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer B

Correct answer: B

What to produce, how to produce and for whom to produce are the three central questions; who governs is a political question.

Concept: Central questions of an economy
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsEconomic systems

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Ten questions from Economic Systems & the Five Year Plans, at your own pace.

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Ten questions from Economic Systems & the Five Year Plans, at your own pace.

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Every economy has to answer three questions. Which of these is NOT one of them?

Explanation