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Business, 05.12.2019 05:31 ilovebeans25423

1. what type of economic system exists when individuals answer the three basic economic questions?
a. mixed
b. market
c. command
d. traditional

2. what term defines the income paid to the owner of land, labor, or capital in return for productive service?
a. cost
b. price
c. factor payment
d. economic system

3. if a society answers the three basic economic questions by relying on ritual, ancestral laws, and religious dictates, what type of economic system is it using?
a. mixed
b. market
c. command
d. traditional

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