Economic Systems Answers

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

The government allows citizens to own private businesses.

The government blocks the ownership of personal property.

The government owns all homes and other forms of housing.

The government controls factories and other forms of production.

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

Citizens can change jobs relatively easily.

Citizens cannot choose their own careers.

Citizens do not have to pay for their housing.

Citizens have little freedom and independence.

The goal of a command economy is to

sustain self-sufficiency.

preserve traditional customs.

create equality within a society.

promote free economic choices.

Which statement best describes a pure market economy?

Producer intervention in economic choices is strictly forbidden.

The government determines economic choices and makes most decisions.

The decisions made by producers and consumers drive all economic choices.

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

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