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Question
13 multiple choice 5 points true or false: a quota is unlimited on trade among countries. false true 14 multiple choice 5 points an economic system in which the government controls a countrys economy is what kind of e command economy mixed economy market economy traditional economy 15 multiple choice 5 points what is trade barrier? slows or stops free trade between countries speeds up free trade between countries mixes up free trade between countries starts free trade between countries
Brief Explanations
- A quota is a limit on the quantity of goods that can be imported or exported between countries, so it is not unlimited.
- In a command - economy, the government makes most of the economic decisions and controls the economy. In a mixed economy, there is a combination of government and private - sector control. In a market economy, the market (supply and demand) determines economic decisions. In a traditional economy, economic decisions are based on customs and traditions.
- Trade barriers such as tariffs, quotas, etc. slow down or stop free trade between countries by imposing restrictions.
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- A. False
- A. Command Economy
- A. Slows or stops free trade between countries