Question

ul16 economic systems exit ticket
select three characteristics of a command economy
□ the government controls the means of production, including factories
□ the government owns all the land and natural resources of the country
□ independent individuals lease the rights to state - owned land and resources for commercial use
□ consumer demand determines what is produced and when
□ the government provides small business loans to promote entrepreneurship
□ the laws of supply and demand are typically ignored
□ independent individuals own businesses but must follow strict government regulations

Explanation:

To solve this, we analyze each option based on command economy characteristics:

1. "The government controls the means of production, including factories": In a command economy, the government centrally plans production, so this is a key trait.
2. "The government owns all the land and natural resources of the country": Command economies have state ownership of major resources, so this fits.
3. "The laws of supply and demand are typically ignored": Command economies rely on central planning, not market forces (supply/demand), so this is correct.

Other options are incorrect:

• "Independent individuals lease...": Command economies limit private commercial use of state resources.
• "Consumer demand determines...": This is a market economy trait.
• "The government provides small business loans...": Command economies discourage private entrepreneurship.
• "Independent individuals own businesses...": Command economies have limited private ownership.

Answer:

• The government controls the means of production, including factories
• The government owns all the land and natural resources of the country
• The laws of supply and demand are typically ignored