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1. How does each type of economy answer the three basic economic questions? (3 points) Command: The government makes all of the economic decisions. They

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1. How does each type of economy answer the three basic economic questions? (3 points) Command: The government makes all of the economic decisions. They are normally , what to produce, how to produce and they decide who to give it to Market: A market economy is whatever the market demands that will make a profit is what will be made

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