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Author Question: The set of mechanisms and institutions that resolve the basic economic questions is called the a. ... (Read 177 times)

leo leo

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on: Jul 1, 2018
The set of mechanisms and institutions that resolve the basic economic questions is called the
 a. economic system
  b. production possibilities dilemma
  c. business resolution device
  d. absolute advantage determination
  e. comparative advantage determination

Question 2

The economic question of what will be produced is
 a. primarily answered by the government in a system of pure capitalism
  b. primarily answered by markets in a command economy
  c. faced by all economies regardless of their wealth
  d. does not have to be answered by economies possessing great wealth
  e. cannot be illustrated by the economic concept of the production possibilities frontier


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medine

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

C


leo leo

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Reply #2 on: Jul 1, 2018
Correct answers!


medine

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Reply #3 on: Jul 1, 2018
Great! Please up vote :D


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