Economic Systems - Quiz Quiz

Question 1

Which nation has a communist command economy?

Revolt · Accepted Answer

B: North Korea

Question 2

The goal of a command economy is to

Revolt · Accepted Answer

A: create equality within a society.

Question 3

The goal of a market economy is to

Revolt · Accepted Answer

B: promote free economic choices.

Question 4

How does the government of a republic typically shape its economy?

Revolt · Accepted Answer

B: The government allows citizens to own private businesses.

Question 5

A mixed market economy tends to exist under a

Revolt · Accepted Answer

B: democratic government that provides some regulation.

Question 6

A command economy tends to exist under a

Revolt · Accepted Answer

C: communist government that provides a lot of regulation.

Question 7

Which nation has a command economy?

Revolt · Accepted Answer

D: Cuba

Question 8

Which statement best describes a mixed market economy?

Revolt · Accepted Answer

B: Producers and consumers make some economic choices while the government makes others.

Economic Systems - Quiz Quiz Answers