Social Studies, 23.06.2020 22:01 alicat20

HELP QUICK PLS WILL MARK BRAINLIEST Part 1–Answer the following question in your own words.

What are the three basic economic questions?

1.

2.

3.

Part 2–Complete the following chart with information from the lesson. One row appears as an example for you.

EXAMPLE:

Name

Adam Smith

Type of Economic System

Free market

Who Answers the Three Basic Questions

Individuals and business owners

Why Did He Support It

Thought competition and forces of supply and demand would encourage growth

Name

Karl Marx

Type of Economic System

Who Answers the Three Basic Questions

Why Did He Support It

Name

John Maynard Keynes

Type of Economic System

Who Answers the Three Basic Questions

Why Did He Support It

Part 3–Answer the following questions in your own words.

Which economic thinkers had the greatest effect on the development of the United States? Explain.

How do laws and regulations help promote competition?

Answers: 2

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HELP QUICK PLS WILL MARK BRAINLIEST Part 1–Answer the following question in your own words.

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