Economic Systems Answers

A command economy tends to exist under a

In a communist command economy, workers are employed by

What restriction would the government impose in a closed economy?

Which nation has a communist command economy?

Which statement best describes a pure market economy?

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

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

The goal of a command economy is to

A mixed market 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?