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Types of Economies
Page 4
Questions (298)
How is a market economy different from a command economy?
Responses A market economy is one in which producers use traditional
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How is a market economy different from a command economy?
The interaction of supply and demand sets prices in a market economy,
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An economy focused on secondary economic activities tends to lead to which population distribution?
(1 point)
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17 of 2017 of 20 Items Question Australia and New Zealand BOTH have what type of economy?(1 point) Responses free economy free
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Which of the following is an example of a service provided in a service economy?(1 point)
a person moving from China to the U.S.
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Drag and drop the country names to classify them by type of economy that they have today
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What is the best definition of an economy?
A. all of the financial transactions of an area in a particular amount of time B.
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O
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What is a potential benefit of a command economy? (1 point)
• low levels of government intervention • attention to the needs
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Which of the following differentiates a command economy from other types of economies? (1 point)
• a reliance on customs and
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nsumers and producers have the most power to make economic decisions in a _____________________ economy.
* 1 point mixed
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.
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Which type of economy is most likely to participate in free trade?(1 point)
Responses a command economy a command economy a mixed
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Match each statement with the economy it best reflects(1 point)
Command economy Market economy Prices are set by supply and
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Malch each statement with the economy it best reflects (1 point) Command economy Market economy Prices are set by supply and
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Which of these is a correct description of one of the ways in which a command economy differs from a market economy?
Responses
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The South African economy can BEST be described as a
Responses Acommand economy. command economy. Btraditional economy.
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Which of the following differentiates a mixed market economy from other types of economies?(1 point)
Responses a blend of
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How does a traditional economy differ from a market economy?
Responses A In a traditional system, economic decisions are based on
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Which of the following describes the information economy?
The prioritization of physical manufacturing and production The
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Cisco
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Typically, the term "mixed economy" refers to an economy with both...(1 point)
Responses Agricultural and industrial sectors
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typical detergent economy refers to a economy with both
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typical determine's economy refers to a economy with both a agricultural and industrial SEC t o r s b private and public Secord
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Drag and drop the country names to classify them by type of economy that they have today.
(2 points) Put responses in the correct
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A traditional economy is an economy where
(1 point) A) economic decisions are made by the government. B) economic decisions are
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Which economy has the highest level of consumer sovereignty? (1 point)
A) traditional economy B) market economy C) mixed economy
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Why are traditional economies sustainable?%0D%0A(1 point)%0D%0AResponses%0D%0A%0D%0AThey produce little waste.%0D%0AThey produce
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Question Why are traditional economies sustainable? (1 point) Responses They produce little waste. They produce little waste.
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Why are traditional economies sustainable?
(1 point) Responses They produce little waste. They produce little waste. They have
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why are traditional economies sustainable?
a. they product little waste b. they have specialized jobs c. they have a central
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sda
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which system has complete public ownership of the means of production?
a. free enterprise b. market economies c. communist
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sda
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A traditional economy is an economy where ____________(1 point) Responses economic decisions are made by the government for some
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Cassi Blake
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Which type of economies do all African countries have?
A. traditional B. mixed C. market D. command
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Which type of economies do all African countries have?
(1 point) Responses traditional traditional mixed mixed market market
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Joshua Champaigne
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Which type of economies do all African countries have?
A. Traditional B. Mixed C. Market D. Command
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Jozikee
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Which type of economies do all African countries have?
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Jozikee
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What is a disadvantage of a command economy? (2 points)
Lack of government control Limited consumer choice Lack of competition
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What is a characteristic of a market-based economy? (2 points)
Limited role of the private sector Decentralized decision-making
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In the fictional county of Gacacia, a federal board
controls resource allocation. Recently, a policy shift has led to a focus on
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Which of the following descriptions of the US and North Korean economies would be most accurate?(1 point)
Responses a The US is a
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What is a potential benefit of a command economy?
emphasis on spurring innovation and entrepreneurship low levels of government
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Write a definition in your notes for: Traditional Economy, Market Economy, Command Economy (the 4th type is mixed or a hybrid of
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Which of the following differentiates a command economy from other types of economies?(1 point)
Responses the absence of
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Which events would be more common in a command economy than a market economy? Select all that apply. (1 point) Responses People
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Which events would be more common in a command economy than a market economy? Select 2 answers. (1 point) Responses People with
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A high level of GDP is characteristic of which kind of economy?
Responses A DevelopedDeveloped B Developing
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A high infant mortality rate is characteristic of which kind of economy?
Responses A Developed B Developing
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Why are traditional economies sustainable? (1 point) Responses They produce little waste. They produce little waste. They have
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,,,,,,,,,,,,
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Which of the following leads to better, less expensive products in a capitalist economy?
A. communism B. competition C. command
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pacmangoescrazy
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India has more of a market economy than a command economy which has affected its growth in what way? (1 point)
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India has more of a market economy than a command economy which has affected its growth in what way?(1 point)
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India has more of a market economy than a command economy which has affected its growth in what way?(1 point) Responses India's
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Parent Categories (8)
Business/Economics
Economic Structures
Economic Systems
Economics
Economy
National Economies
Ownership of Means of Production
Southeast Asian economies