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anonymous

  • one year ago

HELP ME!

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  1. anonymous
    • one year ago
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    Who answers the three economic questions in a market economy? How is this different from a command economy?

  2. anonymous
    • one year ago
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    Hello?

  3. Jacobbenvenutty
    • one year ago
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    Do you know the 3 economic questions?

  4. anonymous
    • one year ago
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    yes

  5. anonymous
    • one year ago
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    |dw:1444253050706:dw|

  6. Jacobbenvenutty
    • one year ago
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    Ok just to lay them out for future people and just in case you don't actually know they are What, How, and Whom

  7. Jacobbenvenutty
    • one year ago
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    For (What) it is the consumers who have the power and choose what is produced. For (How) it is generally the big boys. So firms. They decide how they will be produced. For (Whom) it is fairly straight forward. Us the consumer

  8. Jacobbenvenutty
    • one year ago
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    This is all in a free market economy of course, In a command economy things are much different. It is a system where the government, rather than the free market, determines what goods should be produced, how much should be produced and the price at which the goods will be offered for sale. So basically all communist countries such as China and Russia. Make sense?

  9. Jacobbenvenutty
    • one year ago
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    (for future reference) I would recommend you post this in the Economics section of Openstudy.

  10. anonymous
    • one year ago
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    okay thanks!

  11. Jacobbenvenutty
    • one year ago
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    No problem ;)

  12. anonymous
    • one year ago
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    I have a question about openstudy

  13. anonymous
    • one year ago
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    How do I medal someone?

  14. Jacobbenvenutty
    • one year ago
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    Click the (Best Respone) button in blue on the far right of my name

  15. anonymous
    • one year ago
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    oh ok

  16. anonymous
    • one year ago
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    BOOM

  17. Jacobbenvenutty
    • one year ago
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    Welcome to OpenStudy!

  18. anonymous
    • one year ago
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    :D Thanks!

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