Question 1

Question

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
Question 2
What forces determine the distribution of goods in a traditional economy?
(1 point)
competition between businesses
O customs and beliefs of a group
• government decision-making
• government and business policies
A)
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.
Question 4
A)
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
Question 5
А)
What type of economic system has free enterprise with strict government control?
(1 point)
• traditional
• market
command
mixed
Question 6
A)
Why are traditional economies sustainable?
(1 point)
• They produce little waste.
• They have specialized jobs.
• They have a central authority.
• They can meet their needs over time.
Question 7
A)
Which system has complete public ownership of the means of production?
(1 point)
• free enterprise
• market economies
communist economies
mixed economies
Question 8
AJ
8. How do socialist and communist economic systems differ?
(1 point)
the amount of natural resources
the amount of government ownership
› the amount of factories
the amount of government representatives
Question 9
A)
What determines the distribution of goods and services in a communist economic system?
(1 point)
consumer spending
supply and demand government planning traditions and beliefs
Question 10
True or False: The distribution of goods and services in socialist economic systems is determined by consumer spending.
(1 point)
O true
false

Answer 1

Here are the responses to the questions provided:

Question 1
Which statement best describes an economic system?
Answer: the method of production, resource use, and distribution of goods in a region

Question 2
What forces determine the distribution of goods in a traditional economy?
Answer: customs and beliefs of a group

Question 3
What is one way that socialist and communist economic systems are similar?
Answer: Both have public ownership of businesses.

Question 4
Which best describes the production of goods in a free enterprise economic system?
Answer: production based consumer spending

Question 5
What type of economic system has free enterprise with strict government control?
Answer: mixed

Question 6
Why are traditional economies sustainable?
Answer: They produce little waste.

Question 7
Which system has complete public ownership of the means of production?
Answer: communist economies

Question 8
How do socialist and communist economic systems differ?
Answer: the amount of government ownership

Question 9
What determines the distribution of goods and services in a communist economic system?
Answer: government planning

Question 10
True or False: The distribution of goods and services in socialist economic systems is determined by consumer spending.
Answer: false

Feel free to ask more questions or for clarification on any of the answers!

Answer 2

number 6 is wrong