#1
Which economic system relies on private ownership of the means of production and operates based on supply and demand?
#2
Which of the following is a characteristic of a traditional economic system?
#3
Which economic system places a strong emphasis on equality and public ownership of resources?
#4
What economic concept describes the total value of all goods and services produced within a country's borders in a specific time period?
#5
In a market economy, what primarily determines the prices of goods and services?
#6
In a mixed economic system, what determines resource allocation for goods and services?
#7
What is a key characteristic of a centrally planned or command economic system?
#8
What is a distinguishing feature of a command economy?
#9
Which of the following is NOT a main type of economic system?
#10
What economic system advocates for the abolition of private property and the establishment of a classless society?
#11
According to economic theory, what is one of the primary roles of the government in a market economy?
#12
Which term describes a situation where there is no single economic system in place and elements of multiple systems coexist?
#13
What is one of the main criticisms of a pure market economy?
#14
Which economic system is often associated with the phrase 'from each according to his ability, to each according to his needs'?
#15