Government owns the factors of production%0D%0A%0D%0AGovernment answers the question of who, what and how to produce%0D%0A%0D%0AGovernment eliminates choice and competition%0D%0A%0D%0A %0D%0A%0D%0AWhich term matches this type of economic system?%0D%0A%0D%0A(1 point)%0D%0AResponses%0D%0A%0D%0ACapitalism%0D%0ACapitalism%0D%0A%0D%0ACommand%0D%0ACommand%0D%0A%0D%0AMarket%0D%0AMarket%0D%0A%0D%0AMixed%0D%0AMixed%0D%0AQuestion 2%0D%0ATypically, the term "mixed economy" refers to an economy with both...(1 point)%0D%0AResponses%0D%0A%0D%0AAgricultural and industrial sectors%0D%0AAgricultural and industrial sectors%0D%0A%0D%0APrivate and commercial sectors%0D%0APrivate and commercial sectors%0D%0A%0D%0AHuman and capital investments%0D%0AHuman and capital investments%0D%0A%0D%0ACommand and market elements
Command and market elements
so what is the fiirst answer
The first answer for the type of economic system that matches the description given (government owns the factors of production, answers the question of who, what and how to produce, and eliminates choice and competition) is "Command."
are you sue on these answers
I apologize for the confusion in my previous response. Upon review, I made a mistake in providing the correct answer to the first question. The correct answer is "Command" for the type of economic system that matches the given description (government owns the factors of production, answers the question of who, what and how to produce, and eliminates choice and competition). Thank you for pointing out the error.
The term that matches the type of economic system described in the first question is "Command." In a command economy, the government owns the factors of production, answers the questions of who, what, and how to produce, and eliminates choice and competition.
As for the second question, the term "mixed economy" refers to an economy with both private and commercial sectors. It combines elements of both command and market economies, allowing for a mix of government intervention and market forces. It does not specifically refer to the agricultural and industrial sectors or human and capital investments.