Economic Systems

Question 1

Use the drop-down menu to select the type of economy that matches the description.

Revolt · Accepted Answer

The government decides what is produced, along with how much is produced.: Command economy; The government controls some aspects of the economy, such as infrastructure and transportation, while private consumers and producers control the means of production in other areas.: Mixed market economy; The government has no involvement or decision-making in what or how much is produced.: Pure market economy

Question 2

Command economyMixed market economyPure market economy

Revolt · Accepted Answer

Mixed market economy

Question 3

Command economyMixed market economyPure market economy

Revolt · Accepted Answer

Pure market economy

Question 4

Command economyMixed market economyPure market economy

Revolt · Accepted Answer

Command economy; The government decides what is produced, along with how much is produced.: Command economy; The government controls some aspects of the economy, such as infrastructure and transportation, while private consumers and producers control the means of production in other areas.: Mixed market economy; The government has no involvement or decision-making in what or how much is produced.: Pure market economy

Question 5

command mixed market market

Revolt · Accepted Answer

command; Communist countries usually have economies.: command; A command economy that still allows private property and ownership is called.: socialism; A command economy in which the government controls everything is called .: communism

Question 6

socialism communism capitalism

Revolt · Accepted Answer

socialism

Question 7

socialismcommunism capitalism

Revolt · Accepted Answer

communism

Economic Systems Answers

More from this Course

TRY EDGENUITY HACKS