ECONOMIC SYSTEMS QUESTIONS AND GRADED ANSWERS,
100% GUARANTEE
What is one characteristic of a command economy? - The government controls the prices
of most goods.
In a mixed market economy, who makes most of the daily economic decisions? -
individual citizens
Which type of market is the least likely to have an official currency? - traditional
economy
In which type of market would you find it the most difficult to buy goods from another country?
- closed economy
What type of market is illustrated by this pie chart? - a mixed market economy
Which economic system is supported by this passage's main argument? - command
economy
What are the pros of a mixed market economy for most citizens? CHECK ALL THAT APPLY. -
There is a great deal of independence and personal choice.
The government cannot dictate which jobs citizens hold.
There may be greater opportunity to become wealthy.
The goal of a command economy is to - create equality within a society
Which nation has a socialist command economy? - Cuba
100% GUARANTEE
What is one characteristic of a command economy? - The government controls the prices
of most goods.
In a mixed market economy, who makes most of the daily economic decisions? -
individual citizens
Which type of market is the least likely to have an official currency? - traditional
economy
In which type of market would you find it the most difficult to buy goods from another country?
- closed economy
What type of market is illustrated by this pie chart? - a mixed market economy
Which economic system is supported by this passage's main argument? - command
economy
What are the pros of a mixed market economy for most citizens? CHECK ALL THAT APPLY. -
There is a great deal of independence and personal choice.
The government cannot dictate which jobs citizens hold.
There may be greater opportunity to become wealthy.
The goal of a command economy is to - create equality within a society
Which nation has a socialist command economy? - Cuba
