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Science
Economics
05.02 How Can We Organize an Economy Quiz
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05.02 How Can We Organize an Economy Quiz
Viola Reed
9 January 2023
4.6
(135 reviews)
5 test answers
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(1)
question
In which type of economy does the government decide all or most economic questions?
answer
Command
question
Robin wants to start a business. In a market economy, how might he determine what to produce?
answer
Survey potential consumers
question
Which of the following statements is true of a traditional economy?
answer
People produce and consume only the goods they need.
question
Which of these factors would be most effective in raising a country's status from developing to developed?
answer
Offering incentives for women to enter and succeed in the workforce
question
A developed nation is most likely to have which combination of characteristics?
answer
High productivity, high GDP, high per capita income
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