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matching 5 points match the economic system with the correct definition…

### Matching Answers: - Socialist Economy: Economic and political system in which factors of production are owned and directed by the state - Traditional Economy: System in which …

分类: algebra 更新时间: 2026-02-09

题目

matching 5 points
match the economic system with the correct definition
socialist economy
traditional economy
mixed economy
free market system
command economy
i
system that has some combination of traditional,
command, and market economies
economic and political system in which factors of
production are owned and directed by the state
system in which for whom, how to, and what to produce
are determined by the consumer, purchasing power,
producer
system in which government owns and controls some
factors of production
system in which for whom, how to, and what to produce
are determined by past traditions, customs, and rituals
8 multiple choice 1 point
which of the following is a feature of a command economy that distinguishes it from a socialist economy?
all economic decisions are made by the free market
all economic decisions are based on custom and habit
some degree of private ownership and activity is allowed

解题步骤

  1. Understand the question

    matching 5 points
    match the economic system with the correct definition
    socialist economy
    traditional economy
    mixed economy
    free market system
    command economy
    i
    system that has some combination of traditional,
    command, and market economies
    economic and political system in which factors of
    production are owned and directed by the state
    system in which for whom, how to, and what to produce
    are determined by the consumer, purchasing power,
    producer
    system in which government owns and controls some
    factors of production
    system in which for whom, how to, and what to produce
    are determined by past traditions, customs, and rituals
    8 multiple choice 1 point
    which of the following is a feature of a command economy that distinguishes it from a socialist economy?
    all economic decisions are made by the free market
    all economic decisions are based on custom and habit
    some degree of private ownership and activity is allowed

  2. Brief Explanations
    Matching Section
    1. Socialist Economy: Defined by state ownership/direction of production factors.
    2. Traditional Economy: Production choices rely on old traditions/customs.
    3. Mixed Economy: Blends traditional, command, and market systems.
    4. Free Market System: Production choices driven by consumers/producers.
    5. Command Economy: Government owns/controls core production factors.
    Multiple Choice Section

    Command economies have full state control, while many socialist systems allow limited private activity, which is the distinguishing feature. The other options describe free market and traditional economies, not the difference between command and socialist systems.

  3. Final answer
    Matching Answers:
    • Socialist Economy: Economic and political system in which factors of production are owned and directed by the state
    • Traditional Economy: System in which for whom, how to, and what to produce are determined by past traditions, customs, and rituals
    • Mixed Economy: System that has some combination of traditional, command, and market economies
    • Free Market System: System in which for whom, how to, and what to produce are determined by the consumer, purchasing power, producer
    • Command Economy: System in which government owns and controls some factors of production
    Multiple Choice Answer:

    Some degree of private ownership and activity is allowed

答案

Brief Explanations

Matching Section
  1. Socialist Economy: Defined by state ownership/direction of production factors.
  2. Traditional Economy: Production choices rely on old traditions/customs.
  3. Mixed Economy: Blends traditional, command, and market systems.
  4. Free Market System: Production choices driven by consumers/producers.
  5. Command Economy: Government owns/controls core production factors.
Multiple Choice Section

Command economies have full state control, while many socialist systems allow limited private activity, which is the distinguishing feature. The other options describe free market and traditional economies, not the difference between command and socialist systems.

Answer

Matching Answers:
  • Socialist Economy: Economic and political system in which factors of production are owned and directed by the state
  • Traditional Economy: System in which for whom, how to, and what to produce are determined by past traditions, customs, and rituals
  • Mixed Economy: System that has some combination of traditional, command, and market economies
  • Free Market System: System in which for whom, how to, and what to produce are determined by the consumer, purchasing power, producer
  • Command Economy: System in which government owns and controls some factors of production
Multiple Choice Answer:

Some degree of private ownership and activity is allowed

Question Image

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Question Analysis

Subject business
Sub Subject economics
Education Level high school
Difficulty unspecified
Question Type multiple choice, with chart
Multi Question No
Question Count 1
Analysis Status completed
Analyzed At 2026-02-09T19:54:24

OCR Text

Show OCR extraction
matching 5 points
match the economic system with the correct definition
socialist economy
traditional economy
mixed economy
free market system
command economy
i
system that has some combination of traditional,
command, and market economies
economic and political system in which factors of
production are owned and directed by the state
system in which for whom, how to, and what to produce
are determined by the consumer, purchasing power,
producer
system in which government owns and controls some
factors of production
system in which for whom, how to, and what to produce
are determined by past traditions, customs, and rituals
8 multiple choice 1 point
which of the following is a feature of a command economy that distinguishes it from a socialist economy?
all economic decisions are made by the free market
all economic decisions are based on custom and habit
some degree of private ownership and activity is allowed

相关知识点

businesseconomicsmultiple choice, with charthigh schoolturns-1

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