1. Why is "what to produce" a problem in every economy? (b) How does the price mechanism solve this problem in a free-enterprise economy? (c) In a mixed-enterprise economy? (d) In a centralized economy?
2. Why is "for whom to produce" a problem in every economy? (b) How does the price mechanism solve this problem? (c) Why does the government in a mixed-enterprise economy modify the operation of the price mechanism in its function of determining for whom to produce?