What is the role of the state in a centrally planned economy?

Understanding Economic Systems

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Business, Social Studies
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9th - 12th Grade
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Hard

Emma Peterson
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To focus solely on ecological sustainability
To act as a referee and let the market operate freely
To control and direct all economic activities
To provide minimal regulations and let businesses compete
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic system allows the market to operate with minimal state intervention?
Eco-Social Market Economy
Free Market Economy
Social Market Economy
Centrally planned economy
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was a key goal of the Social Market Economy developed in Germany?
To focus solely on technological advancement
To balance economic growth with social welfare
To eliminate all forms of competition
To centralize all economic decisions
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a Social Market Economy, who decides what products to produce and at what price?
The state
Individual companies
Local governments
International organizations
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the state's roles in maintaining a Social Market Economy?
To focus only on cultural development
To eliminate all taxes
To stabilize the economy and protect competition
To monopolize all industries
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the state support weaker regions and sectors in a Social Market Economy?
By increasing taxes on them
By providing financial aid and resources
By reducing their workforce
By ignoring them
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is included in the state's responsibility for citizen security?
Only educational services
Only healthcare services
Police, fire services, and justice
Only military defense
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