ECONOMIC SYSTEMS QUESTIONS AND GRADED ANSWERS,
100% GUARANTEE
What are the pros of a mixed market economy for most citizens? CHECK ALL THAT APPLY.
The government provides most basic necessities for citizens.
There is a great deal of independence and personal choice.
There may be less of a gap between rich and poor people.
The government cannot dictate which jobs citizens hold.
There may be greater opportunity to become wealthy.
The economic system works to promote equality. - 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.
Read the paragraph below, and then decide which type of economy is being described.
In this economy, community members typically use simple tools to plant and harvest crops. Food
supplies are supplemented by hunting animals and gathering plant materials. Members trade with
each other to obtain needed goods, as few people hold currency. Little economic growth occurs.
What type of economy is being described?
a traditional economy
a free market economy
a mixed-market economy
a command economy - A. A Traditional Economy
, What restriction would the government impose in a closed economy?
The government would prohibit trade with other nations.
The government would set the prices for imported goods.
The government would preserve traditional customs only.
The government would prevent private ownership of property. - The government would
prohibit trade with other nations.
In a communist command economy, workers are employed by
the agencies.
the consumers.
the producers.
the state. - the state
Which nation has a command economy?
Cuba
Norway
South Korea
the United States - Cuba
How does the economy of Cuba differ from the economy of North Korea?
In North Korea, the government's control of the economy has begun to loosen. In Cuba, the
government maintains a tight hold over the economy.
In Cuba, the government's control of the economy has begun to loosen. In North Korea, the
government maintains a tight hold over the economy.
100% GUARANTEE
What are the pros of a mixed market economy for most citizens? CHECK ALL THAT APPLY.
The government provides most basic necessities for citizens.
There is a great deal of independence and personal choice.
There may be less of a gap between rich and poor people.
The government cannot dictate which jobs citizens hold.
There may be greater opportunity to become wealthy.
The economic system works to promote equality. - 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.
Read the paragraph below, and then decide which type of economy is being described.
In this economy, community members typically use simple tools to plant and harvest crops. Food
supplies are supplemented by hunting animals and gathering plant materials. Members trade with
each other to obtain needed goods, as few people hold currency. Little economic growth occurs.
What type of economy is being described?
a traditional economy
a free market economy
a mixed-market economy
a command economy - A. A Traditional Economy
, What restriction would the government impose in a closed economy?
The government would prohibit trade with other nations.
The government would set the prices for imported goods.
The government would preserve traditional customs only.
The government would prevent private ownership of property. - The government would
prohibit trade with other nations.
In a communist command economy, workers are employed by
the agencies.
the consumers.
the producers.
the state. - the state
Which nation has a command economy?
Cuba
Norway
South Korea
the United States - Cuba
How does the economy of Cuba differ from the economy of North Korea?
In North Korea, the government's control of the economy has begun to loosen. In Cuba, the
government maintains a tight hold over the economy.
In Cuba, the government's control of the economy has begun to loosen. In North Korea, the
government maintains a tight hold over the economy.
