5/8 Exit Application #6 Traditional, Command, Market
star
star
star
star
star
Last updated over 5 years ago
1 question
1
Tell me whether each of these describes a traditional, a command, or a market economy:- Johnny finds an apple tree. He picks lots of apples and shares them with everyone.
- Johnny finds an apple tree. He puts a fence around it and starts charging people for the apples.
- Johnny finds an apple tree. The government takes it and distributes the apples evenly amongst everyone.
- Sally spends most of her time working hard to make herself more wealthy.
- Sally’s wages are the same as everyone else around her no matter what types of job she does.
- Sally spends most of her time looking for food or shelter.
Tell me whether each of these describes a traditional, a command, or a market economy:
- Johnny finds an apple tree. He picks lots of apples and shares them with everyone.
- Johnny finds an apple tree. He puts a fence around it and starts charging people for the apples.
- Johnny finds an apple tree. The government takes it and distributes the apples evenly amongst everyone.
- Sally spends most of her time working hard to make herself more wealthy.
- Sally’s wages are the same as everyone else around her no matter what types of job she does.
- Sally spends most of her time looking for food or shelter.