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Which of these is a correct description of one of the ways in which a command economy differs from a market economy?
Who will get the goods and services produced?
making a career choice
a quota on imports and exports
People make the goods that other people want.
a trade barrier
Nigeria's government had a long period of military dictatorship.
custom
In a command economy, individuals have less economic freedom.
Which example might work to limit trade between countries?
Who will get the goods and services produced?
making a career choice
a quota on imports and exports
People make the goods that other people want.
a trade barrier
Nigeria's government had a long period of military dictatorship.
custom
In a command economy, individuals have less economic freedom.
Which is an example of specialization?
Who will get the goods and services produced?
making a career choice
a quota on imports and exports
People make the goods that other people want.
a trade barrier
Nigeria's government had a long period of military dictatorship.
custom
In a command economy, individuals have less economic freedom.
Imposing some sort of cost on trade that raises the price of the traded products is MOST LIKELY an example of
Who will get the goods and services produced?
making a career choice
a quota on imports and exports
People make the goods that other people want.
a trade barrier
Nigeria's government had a long period of military dictatorship.
custom
In a command economy, individuals have less economic freedom.
What is one explanation for Nigeria to have a mixed economy with strong command economy elements?
Who will get the goods and services produced?
making a career choice
a quota on imports and exports
People make the goods that other people want.
a trade barrier
Nigeria's government had a long period of military dictatorship.
custom
In a command economy, individuals have less economic freedom.
Which of these is TRUE about specialization in an economy?
Who will get the goods and services produced?
making a career choice
a quota on imports and exports
People make the goods that other people want.
a trade barrier
Nigeria's government had a long period of military dictatorship.
custom
In a command economy, individuals have less economic freedom.
In a traditional economy, the decision to make (or not make) certain products is decided MOSTLY by
Who will get the goods and services produced?
making a career choice
a quota on imports and exports
People make the goods that other people want.
a trade barrier
Nigeria's government had a long period of military dictatorship.
custom
In a command economy, individuals have less economic freedom.
Which question is MOST LIKELY a fundamental economic question?
Who will get the goods and services produced?
making a career choice
a quota on imports and exports
People make the goods that other people want.
a trade barrier
Nigeria's government had a long period of military dictatorship.
custom
In a command economy, individuals have less economic freedom.
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