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Total questions: 11
Worksheet time: 5mins
— is a system that a country chooses to allocate its resources and distribute its goods and services.
(a)
Which economic system has this characteristic, People are not allowed to own property.
Market economy
Global markets
Planned economy
Mixed economy
A mixture of private and government control of the economy is known as the…..
Mixed equilibrium
Agreement on the terms
Mixed economy
Mixture of economies
….. refers to how economies of other countries have become interconnected
Foreign exchange
Globalisation
Global economy
Economic globalisation
In a market economy the aim of making a business is….
To make no profit d
To pay government debts
Let government be in control
To make profit
Which of one of the following countries use Mixed economy do distribute their Factors of Production
china
Cuba
Zimbabwe
South Africa
Mixed economy …
Adapts easily to changinge
Adapts very late to change
Does not need government intervention
Every individual can enter into the market and create a very tough competition m.
Global economy
Private properties
Free market economy
Uncapped economy
Which of the following countries does not require government contro
New Zealand 🇳🇿
China 🇨🇳
Noth Korea
Cuba 🇨🇺
If a certain country has limited or scarce basic needs and wants and ruled by a chaotic leadership, that tell us that a certain country follows a ……. Economic system
Planned
Mixture
Mixed
Free market
If a certain country has limited or scarce basic needs and wants and ruled by a chaotic leadership, that tell us that a certain country follows a ……. Economic system
Planned
Mixture
Mixed
Free market
