An economic system is the organizations and methods used to determine:
A) what goods and services are produced.
B) how goods and services are produced.
C) for whom goods and services are produced.
D) all of these.

Question

Quizplus · Accepted Answer

An economic system encompasses all three aspects of determining what goods and services are produced, how they are produced, and for whom they are produced. Therefore, choice D - all of these is the correct answer.

An Economic System Is the Organizations and Methods Used to Determine