Economic Systems and Daily Life

Question 1

Mixed-market economies have more private property, while command economies have more public property.Which is the best example of public property in a mixed-market economy?

Revolt · Accepted Answer

streets and roads

Question 2

private public✔ private and public

Revolt · Accepted Answer

✔ private and public; The property in a mixed market economy likely is .: private and public; Most of the property in command economies is owned by .: governments; The citizens of a command economy are likely to own property than citizens of a mixed-market economy.: less

Question 3

Use the drop-down menu to complete each statement.

Revolt · Accepted Answer

The amount of money you earn by working is your .: income; The percentage of people actively looking for a job is called .: unemployment

Question 4

citizens✔ governmentsbusinesses

Revolt · Accepted Answer

✔ governments

Question 5

✔ lessmore equally

Revolt · Accepted Answer

✔ less

Question 6

✔ incomewealth gapunemployment

Revolt · Accepted Answer

✔ income; The amount of money you earn by working is your .: income; The percentage of people actively looking for a job is called .: unemployment

Question 7

incomethe wealth gap✔ unemployment

Revolt · Accepted Answer

✔ unemployment

Question 8

From 1981 to 2001, which change was most likely happening in the US economy?

Revolt · Accepted Answer

an increase in spending by consumers

Question 9

What percentage of wealth belonged to the wealthiest 1 percent of US citizens in 2010?

Revolt · Accepted Answer

about 35 percent

Economic Systems and Daily Life Answers

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