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Question
12 multiple choice 5 points 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
Brief Explanations
- An economic continuum is a visual way to show different types of economies. A command economy is centrally - planned, a market economy is driven by supply and demand, and a mixed economy has elements of both. The description matches the concept of an economic continuum.
- A quota is a limit on the quantity of goods traded between countries, so the statement that a quota is unlimited on trade among countries is false.
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- Economic Continuum
- False