Question

Question 1
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

number 6 is wrong

Answer 2

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!