conomics what are planned economy systems and how are they different?

Economic systems differ according to which two main characteristics? Select one: A. the technology used in production and the quantity and quality of natural resources B. the political system in place and the degree of scarcity facing the economy C. who owns the factors of production and the methods used to coordinate economic activity D. how goods are produced and who gets them

What does a normative statement describe?    A. how the world will be in the future  B. how the world ought to be  C. how the world is  D. how the world was in the past

Identify a recent purchase that you made, recently, and determine how scarcity influenced your purchase decision.