Economic Systems and Daily Life

Question 1

Use the drop-down menu to complete each statement.

Revolt · Accepted Answer

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 2

citizens✔ governmentsbusinesses

Revolt · Accepted Answer

✔ governments

Question 3

✔ lessmore equally

Revolt · Accepted Answer

✔ less

Question 4

private publicprivate and public

Revolt · Accepted Answer

private and public; Selection 1: private and public; Selection 2: governments; Selection 3: less

Question 5

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 6

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

Revolt · Accepted Answer

an increase in spending by consumers

Question 7

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

Revolt · Accepted Answer

about 35 percent

Question 8

What type of economic system are you a part of?In a short paragraph, explain how your economic system regulates choices to respond to economic challenges.

Revolt · Accepted Answer

Answer

Question 9

incomethe wealth gap✔ unemployment

Revolt · Accepted Answer

✔ unemployment

Question 10

Which descriptions did you include in your response? Check all that apply.

Revolt · Accepted Answer

a description of a mixed market economy

Economic Systems and Daily Life Answers

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