Question
The following statements describe a certain country's economy. What type of economy does this country have?
I. Most citizens farm at the subsistence level.
II. Citizens barter with each other for needed items.
III. Doctors and professionals often accept food or other goods in exchange for services.
A.
a market economy
B.
a traditional economy
C.
a planned economy
D.
a mixed economy
I. Most citizens farm at the subsistence level.
II. Citizens barter with each other for needed items.
III. Doctors and professionals often accept food or other goods in exchange for services.
A.
a market economy
B.
a traditional economy
C.
a planned economy
D.
a mixed economy
Answers
GPT-4o mini
The statements provided describe a situation typical of a traditional economy. Therefore, the correct answer is:
B. a traditional economy
B. a traditional economy