Which are major decisions that must be addressed by an economic system? (More than one answer may be correct.)

BlackTom题目解析

Question

Which are major decisions that must be addressed by an economic system? (More than one answer may be correct.)

BlackTom题目解析

BlackTom AI · Accepted Answer

Question asks to identify major decisions that an economic system must address, noting that more than one answer may be correct. 
Option 1: 'Who gets the goods that are produced' — This is a core allocation concern in any economy. It deals with distribution and the question of how the benefits (goods and services) are divided among people, which is central to economic systems from markets to planning. 
Option 2: 'How to promote technological progress' — This is a fundamental forward-looking decision. Economic systems must consider incentives, investment, and policies that encourage innovation and productivity improvements, which drive long-term growth. 
Option 3: 'How to minimize change in the system' — This is not typically framed as a primary objective of an economic system. While stability can be a goal, the deliberate minimization of change is not a standard major decision; most systems balance change with continuity rather than seeking to minimize it outright. 
Option 4: 'Which goods are produced' — This is a basic selection problem for any economy: determining the composition of output. It directly concerns resource allocation and production choices, distinguishing what to produce given resources and technology. 
Option 5: 'How to motivate employees' — This falls more under organizational or firm-level management and labor relations. It is not a defining macroeconomic decision about the overall system's structure or policy, though productivity can be affected indirectly. 
In summary, options 1, 2, and 4 align with the major decisions typical of an economic system, while options 3 and 5 do not capture the central macro-level choices that define how an economy functions overall.

Which are major decisions that must be addressed by an economic system? (More than one answer may be correct.) BlackTom题目解析Single choice

Similar Questions

Question at position 59 Capitalism is a way of organizing economic life that is characterized by private ownership of the means of production.public ownership of the means of production.government-controlled markets.cooperation over competition.

Which of the following is determined by an economic system? BlackTom题目解析

For which of the following types of economies would the factors of production depend on the relative distribution of market forces versus command forces?

Entrepreneurs and investors are allowed to receive all profits (net of taxes) that their firms earn. The rights to profits described here are most likely to occur with:

What type of economic system do most countries in the world today have?

What type of economic system do most countries in the world today have?

More Practical Tools for Students Powered by AI Study Helper

Homework AI Solver

Stylized AI Paper Writer

Plagiarism Checker Assistant

Citation AI Academic Writing Tool

In-Class Translation Assistant

AI Note Generator

AI Quiz Answers

Past Exam Questions from University Test Bank

Smart Practice Assistant

Adaptive Practice

Making Your Study Simpler