Why are traditional economies sustainable?
(1 point)
* They produce little waste.
* They have specialized jobs.
They have a central authority.
They can meet their needs over time.
Which system has complete public ownership of the means of production?
(1 point)
* free enterprise
* market economies
* communist economies
* mixed economies
How do socialist and communist economic systems differ?
(1 point)
the amount of natural resources
the amount of government ownership
• the amount of factories
the amount of government representatives
What determines the distribution of goods and services in a communist economic system?
(1 point)
* consumer spending
* supply and demand
* government planning
* traditions and beliefs
True or False: The distribution of goods and services in socialist economic systems is determined by consumer spending.
(1 point)
* true
* false