Economic Systems and Daily Life

Question 1

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?

Revolt · Accepted Answer

C: streets and roads

Question 2

private public✔ private and public

Revolt · Accepted Answer

C: private and public

Question 3

✔ incomewealth gapunemployment

Revolt · Accepted Answer

A: income

Question 4

From 1981 to 2001, which change was most likely happening in the US economy?

Revolt · Accepted Answer

C: an increase in spending by consumers

Question 5

What percentage of wealth belonged to the wealthiest 1 percent of US citizens in 2010?

Revolt · Accepted Answer

B: about 35 percent

Question 6

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.

Revolt · Accepted Answer

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.

Question 7

citizens✔ governmentsbusinesses

Revolt · Accepted Answer

B: governments

Question 8

incomethe wealth gap✔ unemployment

Revolt · Accepted Answer

C: unemployment

Question 9

Which descriptions did you include in your response? Check all that apply.

Revolt · Accepted Answer

A: a description of a mixed market economy; B: a description of how mixed market economies can respond to challenges; C: a description of the economic choices allowed in a mixed market economy

Question 10

✔ lessmore equally

Revolt · Accepted Answer

A: less

Economic Systems and Daily Life Answers

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