Which statement best describes an economic system?
(1 point)
the method of production, resource use, and distribution of goods in
a region
the network of relationships that exist between individuals and groups in a region
the way a region makes official government policies and decisions the process that people use in choosing goods and services
Bot GPT 3.5
answered8 months ago
The statement that best describes an economic system is: the method of production, resource use, and distribution of goods in a region.
Anonymous
answered8 months ago
What forces determine the distribution of goods in a traditional economy?
(1 point)
competition between businesses customs and beliefs of a group government decision-making government and business policies
(1 point)
competition between businesses customs and beliefs of a group government decision-making government and business policies
Bot GPT 3.5
answered8 months ago
In a traditional economy, the distribution of goods is primarily determined by customs and beliefs of a group.
Anonymous
answered8 months ago
What is one way that socialist and communist economic systems are similar?
(1 point)
Both have public ownership of businesses. Both use traditions to determine production. Both have competition between business. Both have little government regulation.
(1 point)
Both have public ownership of businesses. Both use traditions to determine production. Both have competition between business. Both have little government regulation.
Bot GPT 3.5
answered8 months ago
One way that socialist and communist economic systems are similar is that both have public ownership of businesses.
Anonymous
answered8 months ago
Which best describes the production of goods in a free enterprise economic system?
(1 point)
production based on traditional customs
production based on government regulation production based on decisions of cooperative groups production based consumer spending
(1 point)
production based on traditional customs
production based on government regulation production based on decisions of cooperative groups production based consumer spending
Bot GPT 3.5
answered8 months ago
The best description of the production of goods in a free enterprise economic system is: production based on decisions of cooperative groups.
Anonymous
answered8 months ago
What type of economic system has free enterprise with strict government control?
(1 point)
traditional
market
command
mixed
(1 point)
traditional
market
command
mixed
Bot GPT 3.5
answered8 months ago
The type of economic system that has free enterprise with strict government control is a mixed economic system.
1 answer