Economic Systems - Quiz Quiz

Question 1

Which nation has a communist command economy?

Revolt · Accepted Answer

C: North Korea

Question 2

A command economy tends to exist under a

Revolt · Accepted Answer

B: communist government that provides a lot of regulation.

Question 3

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

Revolt · Accepted Answer

A: The government allows citizens to own private businesses.

Question 4

A mixed market economy tends to exist under a

Revolt · Accepted Answer

D: democratic government that provides some regulation.

Question 5

Which nation has a command economy?

Revolt · Accepted Answer

C: Cuba

Question 6

The goal of a market economy is to

Revolt · Accepted Answer

A: promote free economic choices.

Question 7

How does the economy of Cuba differ from the economy of North Korea?

Revolt · Accepted Answer

C: In Cuba, the government’s control of the economy has begun to loosen. In North Korea, the government maintains a tight hold over the economy.

Question 8

A command economy tends to exist under a

Revolt · Accepted Answer

D: communist government that provides a lot of regulation.

Question 9

Which statement best describes a mixed market economy?

Revolt · Accepted Answer

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

Question 10

The goal of a command economy is to

Revolt · Accepted Answer

B: create equality within a society.

Economic Systems - Quiz Quiz Answers