Which of the following economic systems has a government control on its private companies? a. Capitalist economy b. Socialist economy c. Free market economy d. Mixed economy
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- 14. The Chinese government controls all factors of production, the Chinese government has which type of economic systems? A) Capitalism B) Socialism C) Market D) Communism28- If the resources in an economy is fully owned by the government, such economies are called_____. a. Command economy b. Capitalist economy c. Economic system d. Mixed economy19- If the government has complete control over the ownership of factors production, their economy is classified as____________. a. Command economy b. Economic system c. Capitalist economy d. Mixed economy
- 8- Cuba dictates and decides most of the economic decisions. Identify the type of economic system in Cuba. a. Mixed economy b. Command economy c. Market economy d. Capitalist economy17- There is freedom of choice for the consumers in United States of America. Identify which type of economic system this country has. a. Command economy b. None of these c. Capitalist economy d. Mixed economy12- Capitalist economies have these features, except __________. a. State control of the factors of production b. Profit motive c. Consumer's freedom d. Private ownership of resources
- 18- Mr. Yusuf enjoys economic freedom; He owns a factory which produces steel products. There are no government regulations for his company. The economic system Mr. Yusuf falls into is ___________. a. Mixed economy b. Capitalist economy c. Command economy d. planned economy1. Understand the relationship of capitalism and popular culture4. Which of the following is a more attractive place to do business? a. A nation that lacks democratic institutions b. A nation where economic activity is regulated by the state c. A nation with a market-based economic system d. A nation where the rule of law does not take precedence over business
- 2. The economic system where all the industries are owned by the government is called as ______________. a. Mixed economy b. Command economy c. Capitalist economy d. Economic system6. Which one of the choices is NOT a characteristic of a capitalist economy? a. Profit motive b. Consumer's freedom c. Private ownership of resources d. State control of the factors of production34. If the resources in an economy is fully owned by the government, such economies are called_____. a. Mixed economy b. Economic system c. Command economy d. Capitalist economy