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

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

Revolt · Accepted Answer

individual citizens

Question 3

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

Revolt · Accepted Answer

traditional economy

Question 4

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

Revolt · Accepted Answer

closed economy

Question 5

What type of market is illustrated by this pie chart?

Revolt · Accepted Answer

a mixed market economy

Question 6

Use the drop-down menu to complete each sentence.

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 7

Use the drop-down menu to complete each sentence.

Revolt · Accepted Answer

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 8

mixed market✔ closedcommand

Revolt · Accepted Answer

✔ closed

Question 9

command✔ traditionalclosed

Revolt · Accepted Answer

✔ traditional

Question 10

✔ mixed marketcommandclosed

Revolt · Accepted Answer

✔ mixed market

Economic Systems Answers

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