Economic Systems Exam with
100% Correct Answers
Which statement best describes a mixed market economy?
Consumer intervention in economic choices is strictly forbidden.
The government determines economic choices and makes most decisions.
The decisions made by producers and consumers drive all economic choices.
Producers and consumers make some economic choices while the government makes
others - Answer-Producers and consumers make some economic choices while the
government makes others.
Which statement best describes a command economy?
Government intervention in economic choices is strictly forbidden.
The government determines economic choices and makes most decisions.
The decisions made by producers and consumers drive all economic choices.
Producers and consumers make some economic choices while the government makes
others. - Answer-The government determines economic choices and makes most
decisions.
A command economy tends to exist under a
communist government that provides little regulation.
democratic government that provides some regulation.
representative government that provides no regulation.
socialist government that provides a lot of regulation. - Answer-socialist government that
provides a lot of regulation.
What is one way a command economy affects the lives of private citizens?
Citizens cannot make most economic decisions.
Citizens can only work in factories or on farms.
Citizens must pay for their own health care.
Citizens have limited access to education. - Answer-Citizens cannot make most
economic decisions.
The goal of a command economy is to
100% Correct Answers
Which statement best describes a mixed market economy?
Consumer intervention in economic choices is strictly forbidden.
The government determines economic choices and makes most decisions.
The decisions made by producers and consumers drive all economic choices.
Producers and consumers make some economic choices while the government makes
others - Answer-Producers and consumers make some economic choices while the
government makes others.
Which statement best describes a command economy?
Government intervention in economic choices is strictly forbidden.
The government determines economic choices and makes most decisions.
The decisions made by producers and consumers drive all economic choices.
Producers and consumers make some economic choices while the government makes
others. - Answer-The government determines economic choices and makes most
decisions.
A command economy tends to exist under a
communist government that provides little regulation.
democratic government that provides some regulation.
representative government that provides no regulation.
socialist government that provides a lot of regulation. - Answer-socialist government that
provides a lot of regulation.
What is one way a command economy affects the lives of private citizens?
Citizens cannot make most economic decisions.
Citizens can only work in factories or on farms.
Citizens must pay for their own health care.
Citizens have limited access to education. - Answer-Citizens cannot make most
economic decisions.
The goal of a command economy is to
