5 Questions
Which of the following is not one of the five fundamental economic questions?
Why to produce
Which type of economic system is based on passing tasks from one generation to another through custom?
Traditional economy
What determines where goods and services are produced in an economic system?
Custom
Which economic system refers to a set of economic institutions that dominate a given economy?
Market economy
What is the main objective of an economic system?
To solve basic economic problems
Test your knowledge on the fundamental economic questions and economic systems in this quiz. Explore how choices in production and technology impact the economy.
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