« previous next »

Author Question: What is the economic problem? How does a command economy solve the economic problem? What will be ... (Read 194 times)

saraeharris

  • Hero Member
  • *****
  • Posts: 546
on: Jun 29, 2018
What is the economic problem? How does a command economy solve the economic problem?
 
  What will be an ideal response?

Question 2

Of the 840 billion American Recovery and Reinvestment Act stimulus package which was enacted in 2009, the largest spending increase occurred in which category?
 
  A) health care, social services, and education B) transportation and housing
  C) energy and the environment D) military, veterans, and homeland security


verrinzo

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 29, 2018
Answer to Question 1

The economic problem is that given scarce resources, how exactly do large, complex societies go about answering the basic economic questions? A command economy answers the questions through some centralized authority making decisions about what to produce, how to produce it, and how to distribute it.

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

How to manually solve and graph any quadratic equation How to manually solve and graph any quadratic equation
Latin America in the Global Economy Latin America in the Global Economy
Economic and Social Development Economic and Social Development
Economic Globalization Economic Globalization
Chem problem calculated Chem problem calculated
economic question economic question
Video: Stress and Immune System Animation

For a complete list of videos, visit our video library