Practice EOCT Questions Market Systems
Which of the following is NOT one of the three basic economic questions that must be answered in an economy? A What to produce B When to produce C How to produce D For Whom to produce
2. Competition and free enterprise are most common in which type of economic system? A traditional B market C communist D planned
3. Which type of economic system is MOST likely to experience high amounts of government regulation and low amounts or private ownership? A market B command C traditional D international