Economics Basics Quiz

Reconciling unlimited human wants with limited resources

Through a central planning office

Resources are allocated entirely through markets without government regulation

<p>As mixed economies relying mainly on the market but with some government intervention</p> Signup and view all the answers

<p>In a command economy, resources are allocated by central government planning, while in a free market economy, there is no government regulation</p> Signup and view all the answers

<p>A mixed economy</p> Signup and view all the answers

<p>Reconciling society's ability to produce with people's unlimited demands</p> Signup and view all the answers

<p>Through markets</p> Signup and view all the answers

<p>Central planning decisions vs. no government intervention</p> Signup and view all the answers

<p>Significant government intervention and reliance on markets</p> Signup and view all the answers

<p>The optimal level of government intervention</p> Signup and view all the answers

<p>Entirely through markets</p> Signup and view all the answers