Types of Economies Quiz
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Last updated over 1 year ago
8 questions
1
An economy in which most economic issues of production and distribution are resolved through central planning and control.
An economy in which most economic issues of production and distribution are resolved through central planning and control.
1
An economy that involves a degree of private economic freedom mixed with a degree of government regulation of markets.
An economy that involves a degree of private economic freedom mixed with a degree of government regulation of markets.
1
An economy in which customs and habits from the past are used to resolve most economic issues of production and distribution.
An economy in which customs and habits from the past are used to resolve most economic issues of production and distribution.
1
An advantage of a market economy.
An advantage of a market economy.
1
A disadvantage of a command economy.
A disadvantage of a command economy.
1
An advantage of socialist economies.
An advantage of socialist economies.
1
What is NOT a common disadvantage of a pure market economy
What is NOT a common disadvantage of a pure market economy
1
What type of economy does the United States possess?
What type of economy does the United States possess?