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Question 1 of 10
In a traditional economy, decisions about which goods are produced are
based on:
A. what the government decides is important for society.
B. what the local community has made for generations.
C. what goods are most likely to sell in international markets.
OD. what businesses believe will generate the most profits.
society's traditional customs or beliefs; people will make what they have always made and will do the same work their parents did; exchange of goods is done through bartering.
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