8. which statement describes why the people in a nation with a command economy might resist a shift to a…

8. which statement describes why the people in a nation with a command economy might resist a shift to a market economy?\n a. factory and business owners are reluctant to accept complete government control of their economy.\n b. factory and business owners are reluctant to place their capital under worker authority.\n c. workers are reluctant to give up their participation in a classless society.\n d. people who hold political power are threatened by fundamental changes.\n9. how does the government operate in a free - enterprise economy?\n a. it interferes with businesses only when its profitable.\n b. it tells businesses what to sell.\n c. it establishes rules and laws to maintain competition.\n d. it takes a \hands - off\ approach.\n10. what gives people and businesses the opportunity to make their own decisions?\n a. profit motive\n b. economic equity\n c. economic freedom\n d. private property\n11. why is economic growth an important goal of the united states?\n a. economic growth leads to price stability.\n b. americans have a strong sense of fairness.\n c. americans believe that it is the only way to achieve economic equality.\n d. economic growth is needed to better satisfy the wants and needs of a growing population.\n12. which of these statements describes a disadvantage of a traditional economy?\n a. individuals have freedom to produce what he or she wants.\n b. difficult decisions are made by the state.\n c. new ways of doing things are discouraged.\n d. everyone knows his or her role.\n13. a state government builds a highway. this is an example of government fulfilling its role as what?\n a. provider\n b. consumer\n c. protector\n d. regulator\n14. which phrase best completes the title of the diagram above?\n a. business profit\n b. government regulation\n c. industry productivity\n d. consumer choice\n15. which of these economic systems have the least in common?\n a. command economy and socialism\n b. free - enterprise economy and market economy\n c. market economy and capitalism\n d. command economy and capitalism\n16. the incentive to improve material well - being by seeking to gain profit from economic activities is called?\n a. open opportunity\n b. marginal benefit\n c. profit motive\n d. legal equality

8. which statement describes why the people in a nation with a command economy might resist a shift to a market economy?\n a. factory and business owners are reluctant to accept complete government control of their economy.\n b. factory and business owners are reluctant to place their capital under worker authority.\n c. workers are reluctant to give up their participation in a classless society.\n d. people who hold political power are threatened by fundamental changes.\n9. how does the government operate in a free - enterprise economy?\n a. it interferes with businesses only when its profitable.\n b. it tells businesses what to sell.\n c. it establishes rules and laws to maintain competition.\n d. it takes a \hands - off\ approach.\n10. what gives people and businesses the opportunity to make their own decisions?\n a. profit motive\n b. economic equity\n c. economic freedom\n d. private property\n11. why is economic growth an important goal of the united states?\n a. economic growth leads to price stability.\n b. americans have a strong sense of fairness.\n c. americans believe that it is the only way to achieve economic equality.\n d. economic growth is needed to better satisfy the wants and needs of a growing population.\n12. which of these statements describes a disadvantage of a traditional economy?\n a. individuals have freedom to produce what he or she wants.\n b. difficult decisions are made by the state.\n c. new ways of doing things are discouraged.\n d. everyone knows his or her role.\n13. a state government builds a highway. this is an example of government fulfilling its role as what?\n a. provider\n b. consumer\n c. protector\n d. regulator\n14. which phrase best completes the title of the diagram above?\n a. business profit\n b. government regulation\n c. industry productivity\n d. consumer choice\n15. which of these economic systems have the least in common?\n a. command economy and socialism\n b. free - enterprise economy and market economy\n c. market economy and capitalism\n d. command economy and capitalism\n16. the incentive to improve material well - being by seeking to gain profit from economic activities is called?\n a. open opportunity\n b. marginal benefit\n c. profit motive\n d. legal equality

Answer

Brief Explanations:

  1. In a command - economy, factory and business owners may be reluctant to give up control of their capital to worker authority or the state. This is a common resistance factor.
  2. In a free - enterprise economy, the government establishes rules and laws to maintain competition to ensure a fair market environment.
  3. Economic freedom allows people and businesses to make their own decisions regarding production, consumption, etc.
  4. Economic growth is important in the US to better satisfy the wants and needs of a growing population.
  5. Traditional economies often discourage new ways of doing things as they rely on established customs and practices.
  6. When a state government builds a highway, it is acting as a provider of public goods.
  7. As we move from a free - market economy to a mixed economy and then to a command economy, the degree of government regulation increases.
  8. A command economy and capitalism have the least in common as a command economy is state - controlled while capitalism is based on private ownership and market forces.
  9. The profit motive is the incentive to improve material well - being by seeking profit from economic activities.

Answer:

  1. b
  2. c
  3. c
  4. d
  5. c
  6. a
  7. b
  8. d
  9. c