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Which is not a characteristic of a free economy?
True
government owns all property
Everyone gets free stuff
individual choice
no competition
Free = China
Individuals get to choose what they buy, sell, and produce
the government makes some decisions (public sector) and individuals and business make some choices (private sector)
Which is not associated with a command economy (communism)?
True
government owns all property
Everyone gets free stuff
individual choice
no competition
Free = China
Individuals get to choose what they buy, sell, and produce
the government makes some decisions (public sector) and individuals and business make some choices (private sector)
Economies around world fall somewhere on the spectrum between command (Communism) and free (capitalism)
True
government owns all property
Everyone gets free stuff
individual choice
no competition
Free = China
Individuals get to choose what they buy, sell, and produce
the government makes some decisions (public sector) and individuals and business make some choices (private sector)
Which is not associated with a free economy (capitalism or a free market as in free of government interference)?
True
government owns all property
Everyone gets free stuff
individual choice
no competition
Free = China
Individuals get to choose what they buy, sell, and produce
the government makes some decisions (public sector) and individuals and business make some choices (private sector)
In a mixed economy _____________
True
government owns all property
Everyone gets free stuff
individual choice
no competition
Free = China
Individuals get to choose what they buy, sell, and produce
the government makes some decisions (public sector) and individuals and business make some choices (private sector)
Which is not a characteristic of a free economy?
True
government owns all property
Everyone gets free stuff
individual choice
no competition
Free = China
Individuals get to choose what they buy, sell, and produce
the government makes some decisions (public sector) and individuals and business make some choices (private sector)
Which pair is incorrect?
True
government owns all property
Everyone gets free stuff
individual choice
no competition
Free = China
Individuals get to choose what they buy, sell, and produce
the government makes some decisions (public sector) and individuals and business make some choices (private sector)
Which is not a characteristic of a command economy?
True
government owns all property
Everyone gets free stuff
individual choice
no competition
Free = China
Individuals get to choose what they buy, sell, and produce
the government makes some decisions (public sector) and individuals and business make some choices (private sector)
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