Comparing Economic Systems Answers
Which questions do economic systems help answer? Choose three correct answers.Which goods should always be produced?What should be produced?How should goods be produced?Who should produce the goods being sold?Who should goods be produced for?
Businesses in this country thrive on competition. If you can make something better and cheaper, then more people will buy from you than from your competitors. [___]
In this country, the government decides what should be produced to best meet our goals for the next three years. [___]
My government controls our supply lines, so getting goods to people is very efficient and inexpensive. [___]
My government collects taxes to fund free health care and benefits for people who are unable to work. [___]
In my country, our economy is driven by the needs of the market, but the government will occasionally step in to make sure everything is working like it’s supposed to. [___]
The government never interferes with private businesses in my country. [___]
Producers can make their own choices. [___]
Markets should operate predictably. [___]
Everyone has the same economic opportunities. [___]
Economic planning should be centralized. [___]
Which option best describes the advantages of the US economy?
Compare free market and command systems. Which statement can be confirmed using the chart?
While the Cuban economy provides strong social support systems for its citizens, it:
Compare mixed and free market systems. Which statement can be confirmed using the chart?
Read the economic goals, and select which goal best fits the ideals of free, command, or mixed market economies.
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