Three Economic Questions

 

Select a country that starts with the same letter as your last name.  Example:  My last name is Clark so I could select China.  Then go to:

https://www.cia.gov/library/publications/the-world-factbook/index.html

From this site find your country and find the description of its economy.  Write a short paper describing their economy.   Explain (in your own words) whether individuals or the government of your country would answer the questions of: What to produce? How to produce? and For Whom to produce?  Explain your conclusion.

For more information on the freedom within an economy go to:

http://www.heritage.org/index/

The most free countries leave the three basic questions to the people to decide while less free countries make these decisions through governments.