Problem
1. Give an example of how a nation's culture affects its economic system.
2. Explain the advantages and the disadvantages of any two of the three basic types of economic systems.
3. Suppose a national program of free housing for the elderly is paid for by a sizable increase in income taxes. Explain a tradeoff that might occur between economic security and efficiency.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.