JAMB Economics 2017 Objective — Question 27

Question 27 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2017 Objective paper, with the correct answer and a full explanation.

The economic questions about what and how to produce in an economy is solely answered by the

A. government
B. labour union
C. private and public enterpriser
D. system of economy practicedCorrect

Explanation

The system of economy practiced (capitalist, socialist, mixed, etc.) determines what and how an economy produces.

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