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In which economic system is the government least involved?
command
centralized authority
free market
limited
traditional
command
mixed
government
In which economic system is the government most involved?
command
centralized authority
free market
limited
traditional
command
mixed
government
Name the economic system described. Central ownership (usually by government) of property/resources, Centrally planned economy, Lack of consumer choice
command
centralized authority
free market
limited
traditional
command
mixed
government
Name the economic system described. Economic decisions are based on custom and historical precedent. • People often perform the same type of work as their parents and grandparents, regardless of ability or potential.
command
centralized authority
free market
limited
traditional
command
mixed
government
The greater the amount of decision making that is left to a/an ________________________, the closer the system is to a command system.
command
centralized authority
free market
limited
traditional
command
mixed
government
Name the type of economic system described. Individuals and businesses are owners and decision makers for the private sector. The government is owner and decision maker for the public sector. The government’s role is greater than in a free market.
command
centralized authority
free market
limited
traditional
command
mixed
government
Every country must develop an economic system to determine how to use its ____________ productive resources.
command
centralized authority
free market
limited
traditional
command
mixed
government
The key factor in determining the type of economy a country has is the extent of _______________ involvement.
command
centralized authority
free market
limited
traditional
command
mixed
government
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