ECONOMIC SYSTEMS QUESTIONS AND GRADED ANSWERS,
100% GUARANTEE
what restriction would the government impose in a closed economy? - the government
would prohibit trade with other nations
what is one way a market economy affects the lives of private citizens? - citizens can
change jobs relatively easily
the goal of a command economy is to - create equality within a society
how does the government of a republic typically shape its economy? - the government
allows citizens to own private businesses
what is prohibited in a command economy - the personal ownerships of property, the
influence of consumer demand
which nations has a socialist economy? - Cuba
what is one way a command economy affects the lives of private citizens? - Citizens
cannot make economic decisions
A command economy tends to exist under a - socialist government that provides a lot of
regulations
which statement best describes a command economy? - the government determines
economic choices and makes most decisions
which nation has a communist command economy? - North Korea
100% GUARANTEE
what restriction would the government impose in a closed economy? - the government
would prohibit trade with other nations
what is one way a market economy affects the lives of private citizens? - citizens can
change jobs relatively easily
the goal of a command economy is to - create equality within a society
how does the government of a republic typically shape its economy? - the government
allows citizens to own private businesses
what is prohibited in a command economy - the personal ownerships of property, the
influence of consumer demand
which nations has a socialist economy? - Cuba
what is one way a command economy affects the lives of private citizens? - Citizens
cannot make economic decisions
A command economy tends to exist under a - socialist government that provides a lot of
regulations
which statement best describes a command economy? - the government determines
economic choices and makes most decisions
which nation has a communist command economy? - North Korea
