ECONOMICS

Question 1

WHICH OF THE FOLLOWING ECONOMIES HAS THE LEAST AMOUNT OF GOVERNMENT INTERFERENCE IN THE MARKET?

Accepted Answer

MARKET ECONOMY

Question 2

ECONOMY WHERE BUYERS AND SELLERS (THE CITIZENS) DETERMINE WHAT, WHO, & HOW TO PRODUCE

Accepted Answer

MARKET ECONOMY

Question 3

Most of the economies of the world today are command economies.

Accepted Answer

False

Question 4

Businesses determine on their own what goods/services are produced and how they will be made.

Accepted Answer

market economy

Question 5

ECONOMY BASED OFF TRADITIONS, CUSTOMS, & BELIEFS OF THE PAST

Accepted Answer

TRADITIONAL ECONOMY

Question 6

If your parents were peanut farmers, then you would be a peanut farmer also. This would be a

Accepted Answer

traditional economy

Question 7

DURING THE COLD WAR, THE SOVIET UNION MOST LIKELY HAD WHAT KIND OF ECONOMY?

Accepted Answer

COMMAND

Question 8

A _________ IS AN ECONOMY THAT HAS CHARACTERISTICS OF BOTH A MARKET AND A COMMAND ECONOMY

Accepted Answer

MIXED ECONOMY

Question 9

ANCIENT NATIVE AMERICA TRIBES WHO WERE HUNTERS AND GATHERERS MOST LIKELY HAD WHAT ECONOMY?

Accepted Answer

TRADITIONAL

Question 10

WHICH OF THE FOLLOW IS NOT 1 OF THE 3 BASIC ECONOMIC QUESTIONS?

Accepted Answer

WHEN TO PRODUCE

Question 11

ECONOMY WHERE THE GOVERNMENT CONTROLS WHAT, HOW, & HOW TO PRODDUCE

Accepted Answer

COMMAND ECONOMY

Questions 11