Which of the 3 basic economic questions is being answered when Nike decides to use more robots on their assembly lines because it is more efficient than using workers? Options: What will be produced?, How will it be produced?, For whom will it be produced?
Economic Systems

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Specialty
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10th - 11th Grade
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Hard
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1.
FLASHCARD QUESTION
Front
Back
How will it be produced?
2.
FLASHCARD QUESTION
Front
Economic system where individuals (producers and consumers) answer the three basic economic questions:
Back
Market
Market
Market
3.
FLASHCARD QUESTION
Front
Economic system where the government answers all three basic economic questions: Market, Command, Traditional, Modern or Mixed
Back
Command
4.
FLASHCARD QUESTION
Front
Economic system where tradition, customs, and values answer the three basic economic questions: Market, Command, Modern or Mixed, Traditional
Back
Traditional
5.
FLASHCARD QUESTION
Front
North Korea employs which kind of economy: Free Enterprise, Traditional, Command, Capitalism
Back
Command
6.
FLASHCARD QUESTION
Front
The government has little to no role in the production of goods in this type of economy.
Back
Market
7.
FLASHCARD QUESTION
Front
Most economies are _____. Options: Traditional, Command, Market, Mixed
Back
Mixed
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