12. which type of economy has the most government control? a. market b. mixed c. command d. traditional 13…

12. which type of economy has the most government control? a. market b. mixed c. command d. traditional 13. which type of economy has the least government control? a. command b. market c. mixed d. traditional 14. which statement is true about most countries today? a. they have a pure market economy. b. they have a pure command economy. c. they have a mixed economy. d. they have no economy at all. 15. on the economic continuum, saudi arabia is: a. far to the market side b. more toward the command side because of oil c. purely traditional d. in the exact middle

12. which type of economy has the most government control? a. market b. mixed c. command d. traditional 13. which type of economy has the least government control? a. command b. market c. mixed d. traditional 14. which statement is true about most countries today? a. they have a pure market economy. b. they have a pure command economy. c. they have a mixed economy. d. they have no economy at all. 15. on the economic continuum, saudi arabia is: a. far to the market side b. more toward the command side because of oil c. purely traditional d. in the exact middle

Answer

Brief Explanations:

  1. In a command economy, the government makes all major economic decisions, thus having the most control.
  2. A market economy is driven by supply - and - demand with minimal government interference.
  3. Most countries today have a mixed economy, combining elements of market and command economies.
  4. Saudi Arabia has a significant private - sector and market - driven activities, so it is far to the market side on the economic continuum.

Answer:

  1. C. Command
  2. B. Market
  3. C. They have a mixed economy.
  4. A. Far to the market side