Economic Systems Answers

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21
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The goal of a command economy is to

A
sustain self-sufficiency.
B
preserve traditional customs.
C
create equality within a society.
D
promote free economic choices.
23

Which nation has a command economy?

A
Cuba
B
Norway
C
South Korea
D
the United States
24

A mixed market economy tends to exist under a

A
communist government that provides little regulation.
B
democratic government that provides some regulation.
C
representative government that provides no regulation.
D
socialist government that provides a lot of regulation.
26

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

A
The government allows citizens to own private businesses.
B
The government blocks the ownership of personal property.
C
The government owns all homes and other forms of housing.
D
The government controls factories and other forms of production.
27

Which event would be impossible to explain by using John Dalton’s model of the atom?

A
An iron atom emits particles when it is struck by light.
B
An oxygen atom combines with two hydrogen atoms to form water.
C
An acid reacts with a base to form salt and water.
D
The atoms in sodium metal react with water.
28

A command economy tends to exist under a

A
democratic government that provides little regulation.
B
socialist government that provides some regulation.
C
representative government that provides no regulation.
D
communist government that provides a lot of regulation.
29

Which statement describes a major drawback of the Bohr model that caused scientists to replace it?

A
It worked only for helium and larger atoms.
B
It did not identify the distance between an electron and the nucleus.
C
It contradicted the Heisenberg uncertainty principle.
D
It stated that spectral lines of atoms are similar.
30

Which statement best describes a command economy?

A
Government intervention in economic choices is strictly forbidden.
B
The government determines economic choices and makes most decisions.
C
The decisions made by producers and consumers drive all economic choices.
D
Producers and consumers make some economic choices while the government makes others.
31

The modern-day quantum model of the atom is better than John Dalton’s model because it

A
has set electron orbits.
B
has positive and negative particles in the nucleus.
C
can be represented in one dimension.
D
answers many questions about atoms.
32

What is one way a command economy affects the lives of private citizens?

A
Citizens cannot make most economic decisions.
B
Citizens can only work in factories or on farms.
C
Citizens must pay for their own health care.
D
Citizens have limited access to education.
33

What is one way a market economy affects the lives of private citizens?

A
Citizens can change jobs relatively easily.
B
Citizens cannot choose their own careers.
C
Citizens do not have to pay for their housing.
D
Citizens have little freedom and independence.
34

Which statement best describes a mixed market economy?

A
Consumer intervention in economic choices is strictly forbidden.
B
The government determines economic choices and makes most decisions.
C
The decisions made by producers and consumers drive all economic choices.
D
Producers and consumers make some economic choices while the government makes others.
35

What restriction would the government impose in a closed economy?

A
The government would prohibit trade with other nations.
B
The government would set the prices for imported goods.
C
The government would preserve traditional customs only.
D
The government would prevent private ownership of property.

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