Question
Imagine we are in a classroom and we are an economy. I, as your teacher, have a limited resource, an iphone 14, and ask how
Imagine we are in a classroom and we are an economy. I, as your teacher, have a limited resource, an iphone 14, and ask how each of you in this economic system would decide who should get or receive the phone.
Applying this three different economic system in addressing the economic problem, what will be our economic decision.
- Traditional system
- Command system
- Market system
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Introduction to Behavioral Economics
Authors: David R. Just
1st edition
0470596228, 978-0470596227
