Answers Economics Full-Year Practice TestQuestion 5

5

practice testMultiple Choice

Practice Test

Question 5 • Economics (Full-Year)

Which statement best describes the function of an economic system?

Answer

A

It examines how effectively goods are being produced and how well employees are being treated.

B

It decides what should be produced, how it should be produced, and for whom it should be produced.

C

It determines how a country will spend the money it makes selling goods and services to other countries.

D

It creates regulatory organizations designed to protect owners, workers, the environment, and the country.

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