The set of mechanisms and institutions that resolve the basic ...

[leo leo]

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

[medine]

Answer to Question 1

A

Answer to Question 2

C

[leo leo]

Correct answers!

[medine]

Great! Please up vote