Economic Systems and Daily Life Actual Questions and
Answers Solved
Mixed-market economies have more private property, while command economies
have more public property.
Which is the best example of public property in a mixed-market economy?
streets and roads
Use the drop-down menu to complete each statement.
The property in a mixed market economy likely is---
Most of the property in command economies is owned by---
The citizens of a command economy are---likely to own property than citizens of a
mixed-market economy.
-private and public
-governments
-less
Use the drop-down menu to complete each statement.
The amount of money you earn by working is your---
The percentage of people actively looking for a job is called---
-income
-unemployment
From 1981 to 2001, which change was most likely happening in the US economy?
an increase in spending by consumers
What percentage of wealth belonged to the wealthiest 1 percent of US citizens in
2010?
about 35 percent
What type of economic system are you a part of?
In a short paragraph, explain how your economic system regulates choices to
respond to economic challenges.
The economic system of the country that I live in is a mixed-market economy. My
government maintains this economic system by allowing citizens to make many
economic choices. The government responds to economic issues by attempting to
provide more opportunities for citizens. Examples include lowering taxes to allow more
funding for hiring new workers, or increasing education to help reduce the wealth gap.
Answers Solved
Mixed-market economies have more private property, while command economies
have more public property.
Which is the best example of public property in a mixed-market economy?
streets and roads
Use the drop-down menu to complete each statement.
The property in a mixed market economy likely is---
Most of the property in command economies is owned by---
The citizens of a command economy are---likely to own property than citizens of a
mixed-market economy.
-private and public
-governments
-less
Use the drop-down menu to complete each statement.
The amount of money you earn by working is your---
The percentage of people actively looking for a job is called---
-income
-unemployment
From 1981 to 2001, which change was most likely happening in the US economy?
an increase in spending by consumers
What percentage of wealth belonged to the wealthiest 1 percent of US citizens in
2010?
about 35 percent
What type of economic system are you a part of?
In a short paragraph, explain how your economic system regulates choices to
respond to economic challenges.
The economic system of the country that I live in is a mixed-market economy. My
government maintains this economic system by allowing citizens to make many
economic choices. The government responds to economic issues by attempting to
provide more opportunities for citizens. Examples include lowering taxes to allow more
funding for hiring new workers, or increasing education to help reduce the wealth gap.
