Economic Systems

Question 1

What is one characteristic of a command economy?

Revolt · Accepted Answer

The government controls the prices of most goods.

Question 2

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

Revolt · Accepted Answer

a description the goals of a mixed market system

Question 3

capitalistmixed marketcommand

Revolt · Accepted Answer

command; 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

Question 4

In a mixed market economy, who makes most of the daily economic decisions?

Revolt · Accepted Answer

individual citizens

Question 5

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

Revolt · Accepted Answer

traditional economy

Question 6

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

Revolt · Accepted Answer

closed economy

Question 7

What type of market is illustrated by this pie chart?

Revolt · Accepted Answer

a mixed market economy

Question 8

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

Revolt · Accepted Answer

command economy

Question 9

Compare and contrast the goals of command and mixed market economies. Why are there many more mixed market economies than command economies in the world today?Give your answer in the form of a short paragraph.

Revolt · Accepted Answer

Answer

Economic Systems Answers

More from this Course

TRY EDGENUITY HACKS