Economic Systems Answers

The goal of a market economy is to

What is one way a command economy affects the lives of private citizens?

Which statement best describes a pure market economy?

What is one way a market economy affects the lives of private citizens?

The goal of a command economy is to

A command economy tends to exist under a

Read the paragraph below, and then decide which type of economy is being described.In this economy, community members typically use simple tools to plant and harvest crops. Food supplies are supplemented by hunting animals and gathering plant materials. Members trade with each other to obtain needed goods, as few people hold currency. Little economic growth occurs.What type of economy is being described?

What are the pros of a mixed market economy for most citizens? Select three answers.The government provides most basic necessities for citizens.There is a great deal of independence and personal choice.There may be less of a gap between rich and poor people.The government cannot dictate which jobs citizens hold.There may be greater opportunity to become wealthy.The economic system works to promote equality.

In a communist command economy, workers are employed by

Which statement best describes a mixed market economy?