4
QuizMultiple Choice

Economic Systems and Daily Life

Question 4 • (Galli)WCA 2221 Civics/Economics 1st nine weeks 26-27

Ivan works for an automobile factory that exports cars around the world. The government manages the factory, and he lives in housing provided by the city. Ivan most likely lives in

Answer
A
a closed economy with limited government regulation.
B
a pure market economy with no government regulation.
C
a command economy with heavy government regulation.
D
a mixed market economy with some government regulation.

Explanation

In a command economy, the government makes major decisions about production and may own or manage factories and provide housing. Since the government manages Ivan’s automobile factory and the city provides his housing, he most likely lives in a command economy with heavy government regulation. A market economy would rely more on private businesses and individual choices.

AI-written and checked against the verified answer.

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