QUESTION IMAGE
Question
this is a visual representation of a line to see what types of economies that different countries have.
economic continuum
command economy
market economy
mixed economy
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 economy
command economy
mixed economy
market economy
traditional economy
Brief Explanations
- A quota is a limit on the quantity of goods that can be traded between countries, so the statement in question 13 is false.
- In a command - economy, the government has significant control over the country's economy. In a mixed - economy, there is a combination of government and private - sector control. In a market - economy, the market forces of supply and demand dominate. A traditional - economy is based on customs and traditions. So, for question 14, the answer is command economy.
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- A. False
- A. Command Economy