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777dan777 [17]
3 years ago
13

The government makes ALL economic decisions. What type of economy is this

History
1 answer:
vodka [1.7K]3 years ago
7 0
<h3>Answer: B) Command</h3>

For instance, the government sets prices of all goods in a command economy and they also set the production level (ie how much of a certain item to produce).

A traditional economy is based on the culture and often uses the barter method. A market economy uses currency instead of bartering, and the prices are determined by market forces (ie the people in the market). A mixed economy is a combination of command and market.

An example of a mixed economy is the United States where free market forces determine prices though there are government regulations set up to ensure the economy doesn't go south, and to ensure fair trade practices are followed.

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The advantage that French-American colonists had over the British-American Colonists was that French-Americans worked in unified manner, they had one Direction, on Council, and one Purse, whereas, British-American colonies were disunited.

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After the conclusion of World War II, the United States and Soviet Union emerged as global superpowers. Despite their new status and previous alliance, these two countries had very different ideas of what the post World War II world would look like. The Soviet Union wanted to spread the system of communism while the United States wanted to spread capitalism and democracy.

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Because it was used to transport traded goods faster across land.

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