Types of Economies

Question 1

Which of the following economies combines the force of supply and demand with some government intervention?

Accepted Answer

mixed

Question 2

Which of the following economies is usually characteristic of nomadic people?

Accepted Answer

traditional

Question 3

Which of the following countries does NOT have an economy that is mostly market?

Accepted Answer

North Korea

Question 4

Which of the following best describes the economy that supply and demand determines what to produce?

Accepted Answer

market, mixed

Question 5

Which of the following countries does NOT have a command economy?

Accepted Answer

United Kingdom

Question 6

Which of the following best describes the economy where the government owns factories and assigns jobs?

Accepted Answer

command

Question 7

Which of the following best describes the economy of the United States?

Accepted Answer

mixed

Question 8

Which of the following economies is mostly focused on hunting, gathering, or farming?

Accepted Answer

traditional

Questions 8