Question

What is the most important factor in deciding what job you would do if you lived in a traditional economy?

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Group of answer choices

the jobs your parents had

how smart you were in school

the types of factories in your area

careers that you were most interested in

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Question 210 pts
What types of activities are often a part of traditional economies?

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Group of answer choices

farming, herding, livestock, hunting and gathering

choosing careers, seeking new markets

building new factories, selling goods to other tribes

attracting buyers for traditional crafts

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Question 310 pts
Customs and habits are important to which type of economy?

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Group of answer choices

Mixed

Market

Command

Traditional

Flag question: Question 4
Question 410 pts
In which type of economic system does the government control what a factory produces and what price it will charge for those products?

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Group of answer choices

Mixed

Market

Command

Traditional

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Question 510 pts
What is one problem faced by a command economy?

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Group of answer choices

Education is offered at no cost,

Food prices are set a a low levle.

THe price of housing is set a low level.

Shortages of goods may occur if the government can not predict what the people need.

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Question 610 pts
In which economic system do consumer make economic decisions based on changes in prices that occur between buyers and sellers?

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Group of answer choices

Command

Traditional

Market

Flag question: Question 7
Question 710 pts
What is one problem with a market economy?

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Group of answer choices

Individuals make decisions.

The government does not own everything

Workers can lose their jobs and income

There are choices

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Question 810 pts
In a command economy who usually owns farms and factories?

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Group of answer choices

People

Corporations

Government

Farm and factory workers

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Question 910 pts
What is one problem that Cuba faces in using a command economy?

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Group of answer choices

90% of the people work for the government

Cuba cannot afford to buy oil and natural gas it needs.

The country cannot grow enough sugar cane to supply its people.

Factories and businesses must close down from time to time because the workers produce too many goods.

Flag question: Question 10
Question 1010 pts
Look at the types of economies continuum.

Which statement describes the economy of Brazil.

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Group of answer choices

Brazil has a pure market economy.

Brazil has a pure command economy.

Brazil is mostly a market economy, but the government does control some businesses.

Brazil is mostly a command economy, but the government allows some farmes to sell some of their goods on their own.
Quiz saved

Answer 1

Here are the correct answers:

1. the jobs your parents had
2. farming, herding, livestock, hunting and gathering
3. Traditional
4. Command
5. Shortages of goods may occur if the government can not predict what the people need.
6. Market
7. Workers can lose their jobs and income
8. Government
9. Cuba cannot afford to buy oil and natural gas it needs.
10. Brazil is mostly a market economy, but the government does control some businesses.