ECONOMICS
Multiple Choice
An economic system
a.must answer the three economic questions to the satisfaction of everyone in society
b.must not allow some members of society to gain an unfair advantage when answering the three economic questions
c.must choose pure capitalism to adequately answer the three economic questions
d.is a set of social institutions and mechanisms organized to answer the three economic questions
e.can address problems of scarcity only by embracing the social institution of private property
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