« previous next »

Author Question: What is the economic problem? How does a command economy solve the economic problem? What will be ... (Read 208 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?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Economic Development Economic Development
How to solve a right triangle when no angles are provided How to solve a right triangle when no angles are provided
Solve the following log function: Solve the following log function:
Physics - Motion (Please help me solve these problems, I really need help) Physics - Motion (Please help me solve these problems, I really need help)
economic question economic question
economic question economic question
Video: Virtual Tour of the Eye Animation

For a complete list of videos, visit our video library