#1
Which of the following is a characteristic of a market economy?
1 answered
#2
Which economic system is characterized by government ownership of key industries and centralized economic planning?
1 answered
#3
Which of the following is not a major economic system?
1 answered
#4
What is the primary focus of a command economy?
1 answered
#5
Which economic system is often associated with the concept of 'laissez-faire'?
1 answered
#6
In a capitalist economy, prices are primarily determined by:
1 answered
#7
In which economic system are resources allocated based on the needs of the society?
1 answered
#8
Which economic system tends to promote income equality and social welfare programs?
1 answered
#9
Which economic system allows for a combination of government intervention and free market principles?
1 answered
#10
Which of the following is a potential disadvantage of a command economy?
1 answered
#11
Which economic system places a high value on collective ownership and equality?
1 answered
#12
Which term describes the government's role in redistributing wealth to address social inequalities in a mixed economy?
1 answered
#13
Which of the following is a characteristic of a mixed economy?
1 answered
#14
Which economic system allows for the greatest degree of individual freedom and choice?
1 answered