pre test questions, best answer to person who gives me the right answers?

U

UhOh Penguin!

New member
So yeah i have a economics test and these are some questions i think might be on my test.
please let me know what you think might be the right answers.
thanks everyone.
ten points for right answers,


1. Which of the following is not a command economy?
A. Socialism
B. Communism
C. Capitalism
D. Authoritarianism

2. Which 19th-century economist influenced command economies most?
A. Karl Marx
B. Thomas More
C. Adam Smith
D. Friedrich Engels

3. In which type of command economy does the government control some or all factors of production?
A. Socialism
B. Communism
C. Capitalism
D. Laissez faire

4. When there is no private ownership and no political freedom, it is known as
A. socialism.
B. Communism.
C. capitalism.
D. laissez faire.

5. Which of the following is an advantage to a command economy?
A. Prices are often set lower than the established market system.
B. Shortages are frequent.
C. A nation’s resources may be used to produce items that may not make money.
D. There is no motivation to use resources wisely.
 
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