Question

d) command
in which economic system does the government control all businesses and make all econo
a) mixed
b) command
c) market
d) traditional
which economic system relies on the forces of supply and demand to set prices?

Explanation:

First Question (In which economic system does the government control all businesses...):

A command economic system is defined by government control over all economic activities, including owning and operating businesses. A mixed system has both private and public involvement, a market system relies on private enterprise and supply - demand, and a traditional system is based on customs. So the government controlling all businesses is characteristic of a command system.

In a market economic system, prices are determined by the interaction of supply (the quantity of a good or service available) and demand (the quantity of a good or service that consumers want). A command system has government - set prices, a mixed system has a combination, and a traditional system has prices based on customs. So the system relying on supply and demand for pricing is the market system.

Answer:

b) Command

Second Question (Which economic system relies on the forces of supply and demand to set prices?):