Which term matches this type of economic system?

Question

Government owns the factors of production

Government answers the question of who, what, and how to produce

Government eliminates choice and competition





(1 point)
Responses

Capitalism
Capitalism

Command
Command

Market
Market

Mixed
Mixed
Question 2
Typically, the term "mixed economy" refers to an economy with both...(1 point)
Responses

Agricultural and industrial sectors
Agricultural and industrial sectors

Private and commercial sectors
Private and commercial sectors

Human and capital investments
Human and capital investments

Command and market elements

Answer 1

For the first question, the term that matches the described economic system is Command.

For the second question, typically, the term "mixed economy" refers to an economy with both Command and market elements.