A traditional economy is an economy where economic decisions are based on traditions, culture, and beliefs.
A traditional economy is an economy where ____________(1 point)
Responses
economic decisions are made by the government for some resources and are based on supply and demand forces for others.
economic decisions are made by the government for some resources and are based on supply and demand forces for others.
economic decisions are based on price signals from supply and demand forces.
economic decisions are based on price signals from supply and demand forces.
economic decisions are based on traditions, culture, and beliefs.
economic decisions are based on traditions, culture, and beliefs.
economic decisions are made by the government.
3 answers
Which economy has the highest level of consumer sovereignty?(1 point)
Responses
command economy
command economy
mixed economy
mixed economy
traditional economy
traditional economy
market economy
Responses
command economy
command economy
mixed economy
mixed economy
traditional economy
traditional economy
market economy
Which economy has the highest level of consumer sovereignty?(1 point)
command economy
mixed economy
traditional economy
market economy
command economy
mixed economy
traditional economy
market economy
1 answer