Question

Select all that apply.
What do economic systems seek to do?

provide basic care to citizens
help countries respond to the issue of scarcity
protect industry from competition
answer the three key economic questions

Answer 1

The correct answers here would be the second and the thirds option.

Every economic system must have a way to deal with the issue of scarcity which may come at some point in the societies existence. Also it needs to answer the three key questions of what, how and who consumes goods and services. These are the basic things that the economic system seeks to accomplish.