05.02 How Can We Organize an Economy Quiz – Flashcards
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In which type of economy does the government decide all or most economic questions?
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Command
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Robin wants to start a business. In a market economy, how might he determine what to produce?
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Survey potential consumers
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Which of the following statements is true of a traditional economy?
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People produce and consume only the goods they need.
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Which of these factors would be most effective in raising a country's status from developing to developed?
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Offering incentives for women to enter and succeed in the workforce
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A developed nation is most likely to have which combination of characteristics?
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High productivity, high GDP, high per capita income
