ECONOMIC SYSTEMS QUESTIONS AND GRADED ANSWERS, 100% GUARANTEE

ECONOMIC SYSTEMS QUESTIONS AND GRADED ANSWERS,
100% GUARANTEE


what restriction would the government impose in a closed economy? - the government
would prohibit trade with other nations


what is one way a market economy affects the lives of private citizens? - citizens can
change jobs relatively easily


the goal of a command economy is to - create equality within a society



how does the government of a republic typically shape its economy? - the government
allows citizens to own private businesses


what is prohibited in a command economy - the personal ownerships of property, the
influence of consumer demand


which nations has a socialist economy? - Cuba



what is one way a command economy affects the lives of private citizens? - Citizens
cannot make economic decisions


A command economy tends to exist under a - socialist government that provides a lot of
regulations


which statement best describes a command economy? - the government determines
economic choices and makes most decisions


which nation has a communist command economy? - North Korea