Economic Systems And Daily Life

In a mixed market economy, property owned by the government- can be used by many citizens. can cause economic inequality. can help promote personal wealth. can be used for private businesses.

Gabriela owns a company that makes silk scarves. She buys the silk from an overseas supplier and is subject to a tax on imported goods. Gabriela most likely lives in- a closed economy with limited government regulation. a pure market economy with no government regulation. a command economy with heavy government regulation. a mixed market economy with some government regulation.

This graph shows the changing unemployment rate in the United States. From 2001 to 2011, unemployment in the United States stayed the same. slightly changed. sharply increased. sharply decreased.

How does a command economy differ from a mixed market economy? In a command economy, citizens have fewer property rights. In a mixed market economy, citizens have more property rights. In a command economy, citizens have more property rights. In a mixed market economy, citizens have fewer property rights. In a command economy, citizens own all public property. In a mixed market economy, the government owns all private property. In a command economy, citizens own all private property. In a mixed market economy, the government owns all public property

A wealth gap is an economic difference between- nations. economic classes. businesses. governments.

How can the government reduce the wealth gap in a mixed market economy? The government can control income levels by placing limits on how much citizens can earn. The government can eliminate minimum wages for workers to account for economic differences. The government can improve education to provide new opportunities for workers in the lower class. The government can tax members of the wealthy class at a lower rate to address differences in income.

In a mixed market economy, property owned by an individual- can be used by all citizens. can be run by a city or state. can help promote personal wealth. can be used by government workers.

The difference in income between the richest and poorest citizens is called- a command economy. unemployment. private property. the wealth gap.

This graph shows the division of wealth in the United States in 2010. Based on this graph, how much wealth did the top 20 percent of the population hold? about 35 percent about 55 percent about 80 percent about 90 percent

When compared to a mixed-market economy, a command economy typically has- more private ownership. more government control over production. strong consumer-buying power. a greater chance for a high income.