Comparing Economic Systems Answers

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Read the descriptions of the economic systems used by two different countries, and select the system that best matches.

Answers:
Businesses in this country thrive on competition. If you can make something better and cheaper, then more people will buy from you than from your competitors.:free market
In this country, the government decides what should be produced to best meet our goals for the next three years.:command
My government controls our supply lines, so getting goods to people is very efficient and inexpensive.:command
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✔ commandfree markettraditional

A
✔ command
B
free market
C
traditional
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✔ commandfree markettraditional

A
✔ command
B
free market
C
traditional
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mixed✔ free markettraditional

A
mixed
B
✔ free market
C
traditional
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Read the economic goals, and select which goal best fits the ideals of free, command, or mixed market economies.

Answers:
Producers can make their own choices.:free market
Markets should operate predictably.:mixed market
Everyone has the same economic opportunities.:free market
Economic planning should be centralized.:command market
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command marketfree market✔ mixed market

A
command market
B
free market
C
✔ mixed market
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command market✔ free marketmixed market

A
command market
B
✔ free market
C
mixed market
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✔ command marketfree marketmixed market

A
✔ command market
B
free market
C
mixed market

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