Question

Giving 3 medals from me and my bros to whoever can answer these 5 questions about economics 1. Each society determines who will consume what is produced based on (1 point)
its unique combination of social values and goals.
the amount of factor payments.
its needs and wants.
economic equity.
2. To improve its standard of living, a nation's economy must (1 point)
remain stable.
grow through innovation.
reach economic equity.
allow the central government to make economic decisions.

Answer 1

3. Traditional economies are usually (1 point)
small, close comunities that welcome change and new technology.
large, widespread communities that welcome change and new technology.
large, widespread communities that are able to deal effectively with environmental
disaster.
small, close communities that avoid change and new technology.
4. An economy in which only the government makes economic decisions is a (1 point)
mixed economy.
traditional economy.
centrally planned economy.
market economy.
5. Pure market economies always (1 point)
allow the central government to make economic decisions.
make fair or efficient decisions or allow for growth.
base economic decisions on exchange, or trade.
divide work along gender lines.