Question

8 ordering 1 point order the following economic systems from 1 (least economic freedom) to 3 (most economic freedom) least economically free 1 mixed - market economy 2 command economy 3 free market capitalism most economically free 9 hot spot 1 point according to the circular - flow model above, which point represents nike selling running shoes to footlocker shoe st

Explanation:

To order the economic systems by economic freedom:

• A Command Economy has the government controlling most economic decisions, so it has the least economic freedom (rank 1).
• A Mixed - market Economy has a combination of government and market forces, so it has more freedom than a command economy but less than free - market capitalism (rank 2).
• Free Market Capitalism is driven by private ownership and market forces with minimal government intervention, so it has the most economic freedom (rank 3).

Answer:

1. Command Economy (least economic freedom)
2. Mixed - market Economy
3. Free Market Capitalism (most economic freedom)