20-21 6th Grade Unit 5 LP 3 Formative (15 items] Rushin, Khalar
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Review Summary
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2.
How do traditional economies answer the three basic economic questions?
A The past will guide producers in what goods to produce, how to produce them, and for which consumers to produce them. The past will guide all decisions.
B. The government will decide what goods to produce, how to produce them, and for which consumers to produce them. The government will make all decisions.
C Supply and demand will guide producers in what goods to produce, how to produce them, and for which consumers to produce them. Supply and demand will guide all decisions.
D. Supply and demand will guide producers in what goods to produce, how to produce them, and for which consumers to produce them. The government will intervene to ensure fairness and
productivity