Economic Systems

Question 1

What is one characteristic of a command economy?

Revolt · Accepted Answer

C: The government controls the prices of most goods.

Question 2

In a mixed market economy, who makes most of the daily economic decisions?

Revolt · Accepted Answer

C: individual citizens

Question 3

Which type of market is the least likely to have an official currency?

Revolt · Accepted Answer

C: traditional economy

Question 4

In which type of market would you find it the most difficult to buy goods from another country?

Revolt · Accepted Answer

B: closed economy

Question 5

What type of market is illustrated by this pie chart?a closed economya traditional economya command economya mixed market economy

Revolt · Accepted Answer

D: a mixed market economy

Question 6

capitalistmixed marketcommand

Revolt · Accepted Answer

C: command

Question 7

Which economic system is supported by this passage’s main argument?mixed market economy traditional economy closed economy command economy

Revolt · Accepted Answer

A: mixed market economy

Question 8

Compare and contrast the goals of command and mixed market economies. Why are there many more mixed market economies than command economies in the world today?Give your answer in the form of a short paragraph.

Revolt · Accepted Answer

Answer

Question 9

mixed marketclosedcommand

Revolt · Accepted Answer

B: closed

Question 10

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

Revolt · Accepted Answer

A: a description the goals of a mixed market system

Economic Systems Answers

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