Economic Systems Test Questions
and Answers All Correct
Which economic system is supported by this passage's main argument? - Answer-
command economy
What are the pros of a mixed market economy for most citizens? CHECK ALL THAT
APPLY. - Answer-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 - Answer-create equality within a society
Which nation has a socialist command economy? - Answer-Cuba
The goal of a market economy is to - Answer-promote free economic choices
A mixed market economy tends to exist under a - Answer-democratic government that
provides some regulation.
What restriction would the government impose in a closed economy? - Answer-The
government would prohibit trade with other nations.
What is one way a market economy affects the lives of private citizens? - Answer-
Citizens can change jobs relatively easily.
What is one way a command economy affects the lives of private citizens? - Answer-
Citizens cannot make most economic decisions.
What is prohibited in a command economy? CHECK ALL THAT APPLY. - Answer-the
personal ownership of property the influence of consumer demand
A command economy tends to exist under a - Answer-socialist government that
provides a lot of regulation.
What is one characteristic of a command economy? - Answer-The government controls
the prices of most goods.
and Answers All Correct
Which economic system is supported by this passage's main argument? - Answer-
command economy
What are the pros of a mixed market economy for most citizens? CHECK ALL THAT
APPLY. - Answer-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 - Answer-create equality within a society
Which nation has a socialist command economy? - Answer-Cuba
The goal of a market economy is to - Answer-promote free economic choices
A mixed market economy tends to exist under a - Answer-democratic government that
provides some regulation.
What restriction would the government impose in a closed economy? - Answer-The
government would prohibit trade with other nations.
What is one way a market economy affects the lives of private citizens? - Answer-
Citizens can change jobs relatively easily.
What is one way a command economy affects the lives of private citizens? - Answer-
Citizens cannot make most economic decisions.
What is prohibited in a command economy? CHECK ALL THAT APPLY. - Answer-the
personal ownership of property the influence of consumer demand
A command economy tends to exist under a - Answer-socialist government that
provides a lot of regulation.
What is one characteristic of a command economy? - Answer-The government controls
the prices of most goods.
