Economic Systems Worksheet Answers. Was produced in the past The government decides what should be produced. Worksheet includes a chart and practice real-life scenarios.
Locate information about how each economic system answers the 3 basic economic questions. Basically it is the process by which humans deal with scarce limited resources. Comparative advantage notes Unit 7 learning guide.
This choice involves tradeoffs.
What are the three questions all economic systems answer. While the quality of these services varies widely it can be argued that access to some services is. They have the ability to shift resources away from one industry to another if needed. You can use this quiz and corresponding worksheet to quickly gauge your knowledge of economic systems.