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Command Economy
Command Economy
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A Quiz about Command Economy
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
Most countries with command economies produce low quality goods
False
True
2
Which leader is
not
from a country with a command economy?
Kim jong un
Vladimer Putin
Fidel Castro
Barack Obama
3
Which of these is the definition of command economy?
an economy in which everything is determined by a government
an economic system combining private and public enterprise
an economy in which decisions are based on market
an economy founded on class systems
4
Command economy governments use fear to motivate
True
False
5
Unemployment rates are incredibly low with command economy
True
False
6
What does the government control in a command economy?
What price goods are sold for
How much should be produced
What goods are produced
All of the above
7
Command economy is designed to fit needs and not wants
False
True
8
Many people support command economy because the money is typically used for social welfare
True
False
9
Which economic ideology is command economy a part of?
Capitalism
Communisim
Socialism
Marxism-Leninism
10
In command economy, the demand for a specific item sets the price
True
False
11
Which country has
never
had a command economy?
Soviet Russia
North Korea
France
China
12
Finding where to get goods is difficult in a command economy
False
True
13
Who owns the natural resources in a command economy?
The government
The people
14
Market economy is the complete opposite of command economy
True
False
15
There are a lot of extremely poor people in command economies
True
False