An economy in which economic decisions are based on precedent is known as a _____ economy.
A) market-based
B) socialist
C) traditional
D) command
Correct Answer:
Verified
Q69: What are the fundamental economic questions?
A) What
Q70: When power plants switch from using coal
Q71: When the state of Colorado uses a
Q72: When cell phone producers decided to produce
Q73: Answers to the fundamental economic questions are
Q75: When a nation adopts aspects of traditional,
Q76: Traditional economies make economic decisions based on:
A)
Q77: The nation of Lumen produces goods and
Q78: What is a characteristic of a purely
Q79: All goods, services, and resources are allocated
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents