Social Studies, 23.06.2020 22:01 alicat20
HELP QUICK PLS WILL MARK BRAINLIEST
Part 1–Answer the following question in your own words.
What are the three basic economic questions?
1.
2.
3.
Part 2–Complete the following chart with information from the lesson. One row appears as an example for you.
EXAMPLE:
Name
Adam Smith
Type of Economic System
Free market
Who Answers the Three Basic Questions
Individuals and business owners
Why Did He Support It
Thought competition and forces of supply and demand would encourage growth
Name
Karl Marx
Type of Economic System
Who Answers the Three Basic Questions
Why Did He Support It
Name
John Maynard Keynes
Type of Economic System
Who Answers the Three Basic Questions
Why Did He Support It
Part 3–Answer the following questions in your own words.
Which economic thinkers had the greatest effect on the development of the United States? Explain.
How do laws and regulations help promote competition?
Answers: 2
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Part 1–Answer the following question in your own words.
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