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Which of the answer choices is not a characteristic of a free market economy?
consumer sovereignty
traditional economy
Where will it be produced?
command economy
free market
Public Property
public market economy
mixed economy
Which of the following is NOT a type of economic system?
consumer sovereignty
traditional economy
Where will it be produced?
command economy
free market
Public Property
public market economy
mixed economy
In the former Soviet Union consumers had to wait in long lines to buy everyday items like bread. They did not have many choices and the government controlled factories. What type of economy did they live in?
consumer sovereignty
traditional economy
Where will it be produced?
command economy
free market
Public Property
public market economy
mixed economy
Which of the following is NOT a basic question of economics?
consumer sovereignty
traditional economy
Where will it be produced?
command economy
free market
Public Property
public market economy
mixed economy
The tribe relied on hunting and farming for food. The boy knew he would be a farmer just like his dad had been. What kind of economic system does this describe?
consumer sovereignty
traditional economy
Where will it be produced?
command economy
free market
Public Property
public market economy
mixed economy
Widgets have become the latest fad. Everyone wants one and stores are selling out fast. The factory increased production. This is an example of ____.
consumer sovereignty
traditional economy
Where will it be produced?
command economy
free market
Public Property
public market economy
mixed economy
Which type of economic system does the United States have?
consumer sovereignty
traditional economy
Where will it be produced?
command economy
free market
Public Property
public market economy
mixed economy
There is little or no government control in a _____________ economy.
consumer sovereignty
traditional economy
Where will it be produced?
command economy
free market
Public Property
public market economy
mixed economy
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