the following statements describe a certain countrys economy. what type of economy does this country have…

the following statements describe a certain countrys economy. what type of economy does this country have? i. most citizens farm at the subsistence level. ii. citizens barter with each other for needed items. iii. doctors and professionals often accept food or other goods in exchange for services. a. a market economy b. a traditional economy c. a planned economy d. a mixed economy please select the best answer from the choices provided.

the following statements describe a certain countrys economy. what type of economy does this country have? i. most citizens farm at the subsistence level. ii. citizens barter with each other for needed items. iii. doctors and professionals often accept food or other goods in exchange for services. a. a market economy b. a traditional economy c. a planned economy d. a mixed economy please select the best answer from the choices provided.

Answer

Brief Explanations:

Traditional economies are characterized by subsistence - level farming, bartering, and exchange of goods for services. In a market economy, there is reliance on prices and markets. A planned economy is controlled by the government. A mixed economy has elements of both market and planned economies. The described features match a traditional economy.

Answer:

B. a traditional economy