Economic Systems

Question 1

Use the drop-down menu to select the type of economy that matches the description.

Revolt · Accepted Answer

✔ Command economy; The government decides what is produced, along with how much is produced.: Command economy; The government controls some aspects of the economy, such as infrastructure and transportation, while private consumers and producers control the means of production in other areas.: Mixed market economy; The government has no involvement or decision-making in what or how much is produced.: Pure market economy

Question 2

Command economy✔ Mixed market economyX Pure market economy

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✔ Mixed market economy

Question 3

X Command economyMixed market economy✔ Pure market economy

Revolt · Accepted Answer

✔ Pure market economy

Question 4

Communist countries usually have economies.

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command

Question 5

A command economy that still allows private property and ownership is called.

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socialism

Question 6

A command economy in which the government controls everything is called .

Revolt · Accepted Answer

communism

Question 7

Use the drop-down menu to select the type of economy that matches the description.

Revolt · Accepted Answer

The government decides what is produced, along with how much is produced.: Command economy; The government controls some aspects of the economy, such as infrastructure and transportation, while private consumers and producers control the means of production in other areas.: Mixed market economy; The government has no involvement or decision-making in what or how much is produced.: Pure market economy

Economic Systems Answers

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