some Inuit tribes in northern Canada use bartering to trade and practice which type of economy?
A Traditional
B Mixed
C Command
D Free Market
A Traditional
Some Inuit tribes in northern Canada use bartering to trade, which is a characteristic of a traditional economy. To determine this answer, we need to understand the different types of economies and their characteristics.
- A traditional economy is based on customs, traditions, and cultural beliefs. It relies on bartering, where goods and services are exchanged without the use of money.
- A mixed economy combines elements of both a market economy and a command economy. In a mixed economy, individuals and businesses have some freedom to make economic decisions, but the government also plays a role in regulating and controlling certain aspects.
- A command economy is characterized by the central planning and control of the government. The government owns and controls the means of production and distribution of goods and services.
- A free market economy, also known as a market economy or capitalism, is primarily driven by supply and demand, competition, and the pursuit of profit. Prices are determined by the market, and individuals and businesses have the freedom to make economic decisions.
In the case of Inuit tribes in northern Canada using bartering, it aligns with the characteristics of a traditional economy, where the exchange of goods and services is based on cultural practices and customs without the use of money. Therefore, the answer is A) Traditional.