Which describes a command economy
[DOC File]Economic Systems – Comparison Chart
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5. _____In a command economy, major economic decisions are made by. A. wholesalers of agricultural goods. B. officials of the government. C. manufacturers of industrial goods. D. consumer advocates. 6. _____People make decisions at the margin by. A. Following tradition C. Comparing costs and benefits. B. Experience D. Guessing
[DOC File]Economic Systems
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Which statement best describes an aspect of a command economy? (1) Profit motivates individuals to set up private businesses. (2) Tradition, religion, and customs heavily influence economic decisions. (3) Supply and demand regulate the economy. (4) Government directs and controls the means of production. (Jan 10 Q3)
[DOC File]DOT
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Command Economy An economic system is which a small group of people (usually government) decides what to produce, how to produce it, and who will consume it. The sugar industry in Cuba would be an example.
[DOCX File]Commack Schools
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Which statement best describes an aspect of a . command economy? Profit motivates individuals to set up private businesses. Tradition, religion, and customs heavily influence economic decisions. Supply and demand regulate the economy. Government directs and controls the means of production.
[DOCX File]images.pcmac.org
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What type of system best describes the United States? Command Economy; Pure Free Enterprise System; Traditional Economy or Modified Private Enterprise System . What are the key characteristics of a command economy? Does a market economy provide for everyone’s basic needs? YES OR NO . What economic and social goal is the minimum wage an example?
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Which statement best describes an aspect of a . command economy? Profit motivates individuals to set up private businesses. Tradition, religion, and customs heavily influence economic decisions. Supply and demand regulate the economy. Government directs and controls the means of production.
[DOC File]District Economics Test
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Which characteristic best describes a traditional economy? B. A Labor unions and wages. B Customs and religions . C Communism and inflation. D Markets and systems. Which of the following is a main feature of a command economy? B. A Private ownership. B Central planning. C …
[DOC File]Multiple choice questions
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a. an economy more open to foreign trade and investment faces a more inelastic demand . for unskilled workers. b. employers and consumers can more readily replace domestic workers with foreign . workers by investing abroad or buying imports. c. globalization increases job insecurity. d. financial liberalization in LDCs leads to collapse of the ...
[DOC File]Name
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Place a check mark in the column of the type of economic system that the statement describes. Statement Traditional Command Capitalist The United States has this type of system. Everyone does what people in his or her family have done. Central planning determines the production and distribution of …
[DOC File]Purpose of Government Lesson - World History
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Development note: bold traditional economy, command economy, and mixed economy and bullet each item. traditional economy: insert definition. command economy: insert definition. market economy: insert definition. Directions: Read the following sentences and decide whether each best describes a command, market, or traditional economy. Explain why.
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