1.4 Economic Systems Answers

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What is one characteristic of a command economy?

A
Citizens are responsible for providing their own health care.
B
Citizens can easily start their own businesses.
C
The government controls the prices of most goods.
D
The government prohibits the use of money.
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capitalistmixed marketcommand

A
capitalist
B
mixed market
C
command
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mixed marketclosedcommand

A
mixed market
B
closed
C
command
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commandtraditionalclosed

A
command
B
traditional
C
closed
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mixed marketcommandclosed

A
mixed market
B
command
C
closed
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In a mixed market economy, who makes most of the daily economic decisions?

A
an economic expert
B
an elected leader
C
individual citizens
D
the military
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Which type of market is the least likely to have an official currency?

A
closed economy
B
command economy
C
traditional economy
D
mixed market economy
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In which type of market would you find it the most difficult to buy goods from another country?

A
pure market economy
B
closed economy
C
traditional economy
D
mixed market economy
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What type of market is illustrated by this pie chart?

A
a closed economy
B
a traditional economy
C
a command economy
D
a mixed market economy
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Which economic system is supported by this passage’s main argument?

A
mixed market economy
B
traditional economy
C
closed economy
D
command economy
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What is one characteristic of a command economy?

A
Citizens are responsible for providing their own health care.
B
Citizens can easily start their own businesses.
C
The government controls the prices of most goods.
D
The government prohibits the use of money.
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In a mixed market economy, who makes most of the daily economic decisions?

A
an economic expert
B
an elected leader
C
individual citizens
D
the military
34893

Which type of market is the least likely to have an official currency?

A
closed economy
B
command economy
C
traditional economy
D
mixed market economy
34894

In which type of market would you find it the most difficult to buy goods from another country?

A
pure market economy
B
closed economy
C
traditional economy
D
mixed market economy
34895

What type of market is illustrated by this pie chart?

A
a closed economy
B
a traditional economy
C
a command economy
D
a mixed market economy
34896

Which economic system is supported by this passage’s main argument?

A
mixed market economy
B
traditional economy
C
closed economy
D
command economy
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Use the drop-down menu to complete each sentence.

Answers:
A economy usually stresses the equality of all citizens.:command
A economy aims to be self-sufficient.:closed
A economy relies more on bartering than money.:traditional
In a economy, private businesses are encouraged.:mixed market

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