Economic System Review Question Preview (ID: 38356)
Economics.
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What type of system does the government control everything?
a) traditional
b) command
c) market
d) Mixed
What economy is made up of customs and beliefs (farming -the old way)?
a) traditional
b) command
c) market
d) mixed
What type of economy is based on supply and demand?
a) traditional
b) command
c) market
d) mixed
What type of economy consists of both command and market?
a) traditional
b) Command
c) Market
d) Mixed
Which country's economy is mixed but closet to command?
a) Brazil
b) Cuba
c) United States
d) Canada
what country is the closest to a pure market economy?
a) Australia
b) Cuba
c) Germany
d) Russia
All democratic countries in the world have this type of system.
a) traditional
b) command
c) market
d) Mixed
Systems like the former Soviet Union, former East Germany, and Cuba had.
a) traditional
b) command
c) market
d)
Indigenous groups like the Inuits, Aztecs, Incas, Indians, Aborigines had this type of economy.
a) traditional
b) command
c) market
d)
not having enough resources
a) GDP
b) plenty
c) Scarce (Scarcity)
d) full
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