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

commandtraditionalclosed

Revolt · Accepted Answer

traditional

Question 4

mixed marketcommandclosed

Revolt · Accepted Answer

mixed market

Question 5

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

Revolt · Accepted Answer

individual citizens

Question 6

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

Revolt · Accepted Answer

traditional economy

Question 7

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

Revolt · Accepted Answer

closed economy

Question 8

What type of market is illustrated by this pie chart?

Revolt · Accepted Answer

a mixed market economy

Question 9

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 10

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

Revolt · Accepted Answer

command economy

Economic Systems Answers

More from this Course

TRY EDGENUITY HACKS