unit 0 lesson 7 | homework\ndirections: each box is describing one of the three types of economic market…

unit 0 lesson 7 | homework\ndirections: each box is describing one of the three types of economic market: market, traditional or command. decide which economy is each box describing. label each box with a m for market economy, t for traditional economy or c for command economy. (do not cut)\nmarket economy - the economy is led by supply and demand.\ntraditional economy - the economy is focused on maintaining traditional customs.\ncommand economy - the economy is led by the government, citizens have minimal input.\nprices are determined by central planners.\nprices are determined by the interaction of buyers and sellers in the marketplace.\nthe exchange of goods and services is determined by custom and tradition.\ncentral planners determine what is to be produced, how, and for whom.\nbuyers and sellers determine what is to be produced, how and for whom.\ncustom and tradition determine what is to be produced, how and for whom.\nthe government provides housing for the people.\nindividuals are able to own their own homes.\npeople live in traditional villages and communities like their forefathers.\nsocial goals are determined by the central planners for the people.\nsocial goals are determined by the people.\nsocial goals are determined by tradition.

unit 0 lesson 7 | homework\ndirections: each box is describing one of the three types of economic market: market, traditional or command. decide which economy is each box describing. label each box with a m for market economy, t for traditional economy or c for command economy. (do not cut)\nmarket economy - the economy is led by supply and demand.\ntraditional economy - the economy is focused on maintaining traditional customs.\ncommand economy - the economy is led by the government, citizens have minimal input.\nprices are determined by central planners.\nprices are determined by the interaction of buyers and sellers in the marketplace.\nthe exchange of goods and services is determined by custom and tradition.\ncentral planners determine what is to be produced, how, and for whom.\nbuyers and sellers determine what is to be produced, how and for whom.\ncustom and tradition determine what is to be produced, how and for whom.\nthe government provides housing for the people.\nindividuals are able to own their own homes.\npeople live in traditional villages and communities like their forefathers.\nsocial goals are determined by the central planners for the people.\nsocial goals are determined by the people.\nsocial goals are determined by tradition.

Answer

Brief Explanations:

  • "Prices are determined by the interaction of buyers and sellers in the marketplace", "Buyers and sellers determine what is to be produced, how and for whom" y "Individuals are able to own their own homes" describen un mercado libre, característico de una economía de mercado (M).
  • "Prices are determined by central planners", "Central planners determine what is to be produced, how, and for whom", "The government provides housing for the people" y "Social goals are determined by the central planners for the people" son características de una economía comandada (C).
  • "The exchange of goods and services is determined by custom and tradition", "Custom and tradition determine what is to be produced, how and for whom" y "People live in traditional villages and communities like their forefathers" se asocian con una economía tradicional (T).

Answer:

  • "Prices are determined by the interaction of buyers and sellers in the marketplace": M
  • "Prices are determined by central planners": C
  • "The exchange of goods and services is determined by custom and tradition": T
  • "Central planners determine what is to be produced, how, and for whom": C
  • "Buyers and sellers determine what is to be produced, how and for whom": M
  • "Custom and tradition determine what is to be produced, how and for whom": T
  • "The government provides housing for the people": C
  • "Individuals are able to own their own homes": M
  • "People live in traditional villages and communities like their forefathers": T
  • "Social goals are determined by the central planners for the people": C
  • "Social goals are determined by the people": No corresponde a ninguna de las tres opciones dadas en el enunciado.