Economic Systems

Question 1

The government decides what is produced, along with how much is produced.

Revolt · Accepted Answer

A: Command economy

Question 2

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.

Revolt · Accepted Answer

B: Mixed market economy

Question 3

Communist countries usually have economies.

Revolt · Accepted Answer

A: command

Question 4

The government has no involvement or decision-making in what or how much is produced.

Revolt · Accepted Answer

C: Pure market economy

Question 5

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

Revolt · Accepted Answer

A: socialism

Question 6

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

Revolt · Accepted Answer

B: communism

Economic Systems Answers

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