SINF6 Economics Practice Questions - Solomon Islands National Form Six Examination - Economics Exam

Access More Questions

In a command (planned) economic system, how are the fundamental economic questions ('what', 'how', and 'for whom' to produce) primarily answered?

By a central government planning authority through state directive By price signals established through consumer and producer interaction in free markets By traditional customs and inherited social roles passed down through generations By foreign aid donors establishing production quotas

Correct Answer:

By a central government planning authority through state directive

Access more questions from this quiz

Continue to SINF6 Economics Practice Questions - Solomon Islands National Form Six Examination - Economics Exam for more practice questions and the full quiz experience.

Access More Questions