The citizens of the United States live and work in a
Mixed Market Economy
What is prohibited in a command economy? CHECK ALL THAT APPLY
3,4
A command economy tends to exist under a
socialist government that provides a lot of regulation.
Which nation has a communist command economy?
North Korea
A mixed market economy tends to exist under a
democratic government that provides some regulation.
In a communist command economy, workers are employed by
the state.
What is one way a market economy affects the lives of private citizens?
Citizens can change jobs relatively easily.
Which statement best describes a command economy?
The government determines economic choices and makes most decisions.
Which nation has a socialist command economy?
Cuba
How does the government of a republic typically shape its economy?
The government allows citizens to own private businesses.
What restriction would the government impose in a closed economy?
The government would prohibit trade with other nations.
What is one way a command economy affects the lives of private citizens?
Citizens cannot make most economic decisions.
Which statement best describes a mixed market economy?
Producers and consumers make some economic choices while the government makes others?
The goal of a command economy is to
preserve traditional customs?
The goal of a market economy is to
promote free economic choices
x

Hi!
I'm Niki!

Would you like to get a custom essay? How about receiving a customized one?

Check it out