What is one possible effect of high unemployment in a mixed market economy?
answer
A lack of income will weaken the buying power for many people.
question
This graph shows the changing unemployment rate in the United States.
Based on this graph, what can be concluded about the economy between 1991 and 2008?
answer
The economy was getting stronger because employment was high.
question
_____ is the act of working in exchange for an income.
answer
Employment
question
How can the government reduce the wealth gap in a mixed market economy?
answer
The government can improve education to provide new opportunities for workers in the lower class.
question
Ivan works for an automobile factory that exports cars around the world. The government manages the factory, and he lives in housing provided by the city. Ivan most likely lives in
answer
a command economy with heavy government regulation.
question
What is one argument against the wealth gap?
answer
Economic growth will likely decline over time.
question
Private property is land or goods
answer
owned by an individual.
question
In a mixed market economy, property owned by an individual
answer
can help promote personal wealth.
question
Based on this graph, how much wealth did the top 20 percent of the population hold?
answer
about 90 percent
question
In a mixed market economy, property owned by the government
answer
can be used by many citizens.
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