Economics

posted by .

Which of the following is a characteristic of a traditional economy?

A. It encourages innovation and change.

B. It is usually based on light industrial production.

C. It has a high standard of living.

D. It revolves around the family unit.

  • Economics -

    The answer is D. It revolves around the family unit.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. economics

    What are the principals of economics and where could I find 3 articles on the economy identifying 1 principal on each You very well may mean princIPLES. This is a catch all phrase. There are many economic textbooks called Principles …
  2. Geography

    Which of the statements below is not a characteristic of economically developed nations?
  3. Economics

    Which of the following is least likely to affect an economy's capacity to produce?
  4. history

    Children received their schooling at home in many pre-industrial families. However with the industrial revolution, more children attended formal schools. Which of the following statements best explains why this change in schooling …
  5. social studies

    All of the following statements about Brazil's economy are true except: (A) Because of the development of gasohol, Brazil no longer has to import expensive foreign oil. (B) Industrial developments have destroyed the middle class. (C) …
  6. social studies

    Our economy ______ operates on its production possibility curve. A. always B. usually C. sometimes D. never I'm stuck between B and C. Here's the text: "Usually there's some economic slack, but every so often we do manage to operate …
  7. economics

    Fill in the blanks below with ↑ to indicate an increase in the variable or with ↓ to indicate a decrease in the variable. Answer the questions with a brief written response. A) Consumption > Production ⇒ Economy …
  8. Economics

    Why is a high level of subsistence agriculture a characteristic of less developed countries?
  9. Economics

    To improve its standard of living, a nation’s economy must A. remain stable. B. grow through innovation. C. reach economic equity. D. allow the central government to make economic decisions. Reset Selection
  10. History

    Industrial and technological advances often improve the standard of living. Which innovation was introduced during the Second Industrial Revolution?

More Similar Questions