3 Economic Questions

What are the three economic questions?

In a command economy, who holds power over the economy?

If the government makes me produce 70 T-Shirts, what economic system is this?

__________ is the most basic economic problem.

The country of North Korea has a dictator that makes all of the economic decisions. What type of economy is this?

If I produce fish for my town because my mom and dad were fishermen/fisherwomen, what economic system is this?

Which economy is dictated by supply and demand and the buyers and sellers? Options: Market, Socialism, Mixed, Command

Which one is a need? House, McDonalds, Yeezys, La Croix Sparkling Water

Which one would be considered a want? Water, House, Car, iPad

Which of these is an example of a service? candy bar, hamburgers, haircut, computer