1.4 Economic Systems

Question 1

Command economyMixed market economyPure market economy

Revolt · Accepted Answer

Command economy; The government decides what is produced, along with how much is produced.: Command economy; The government controls some aspects of the economy, such as infrastructure and transportation, while private consumers and producers control the means of production in other areas.: Mixed market economy; The government has no involvement or decision-making in what or how much is produced.: Pure market economy

Question 2

Command economyMixed market economyPure market economy

Revolt · Accepted Answer

Mixed market economy

Question 3

Command economyMixed market economyPure market economy

Revolt · Accepted Answer

Pure market economy

Question 4

Use the drop-down menu to complete each statement.

Revolt · Accepted Answer

Communist countries usually have economies.: command; A command economy that still allows private property and ownership is called.: socialism

Question 5

Use the drop-down menu to select the type of economy that matches the description.

Revolt · Accepted Answer

✔ Command economy; The government decides what is produced, along with how much is produced.: Command economy; The government controls some aspects of the economy, such as infrastructure and transportation, while private consumers and producers control the means of production in other areas.: Mixed market economy; The government has no involvement or decision-making in what or how much is produced.: Pure market economy

Question 6

Command economy✔ Mixed market economyPure market economy

Revolt · Accepted Answer

✔ Mixed market economy

Question 7

Command economyX Mixed market economy✔ Pure market economy

Revolt · Accepted Answer

✔ Pure market economy

1.4 Economic Systems Answers

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