Question

In a traditional economy, how are the three basic economic questions answered?


By the government


Through customs and traditions


By businesses and consumers


Through foreign trade

Question at position 6
6

Multiple Choice
1 point



Question at position 6

What is the main motivation for businesses in a market economy?

What is the main motivation for businesses in a market economy?


Government control


Producing more goods than competitors


Profit


Reducing consumer choices

Question at position 7
7

Multiple Choice
1 point



Question at position 7

Which type of economy is the most common in the world today?

Which type of economy is the most common in the world today?


Traditional


Command


Market


Mixed

Question at position 8
8

Multiple Choice
1 point



Question at position 8

What is one major problem with a command economy?

What is one major problem with a command economy?


Too much consumer choice


High motivation among workers


Lack of motivation and inefficiency


No government involvement

Answer 1

Here are the answers to your questions based on economic principles:

**Question 6: In a traditional economy, how are the three basic economic questions answered?**
- **Answer:** Through customs and traditions

**Question 7: What is the main motivation for businesses in a market economy?**
- **Answer:** Profit

**Question 8: Which type of economy is the most common in the world today?**
- **Answer:** Mixed

**Question 9: What is one major problem with a command economy?**
- **Answer:** Lack of motivation and inefficiency