Economic systems:
A. provide all the goods people want and desire.
B. can eliminate scarcity.
C. address the questions what is produced, how it is produced, and for whom it is produced.
D. provide equal distribution of well-being among its participants.
Answer: C
Economics
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A) increase the effective rate of protection on final goods. B) have no impact on the effective rate of protection on final goods. C) decrease the effective rate of protection on final goods. D) lower the nominal rate of protection on final goods.
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