Social Studies

Zachariah Black

13 March, 00:26

1. What is one cause of scarcity?

an abundance of resources

limited resources

renewable resources

a choice of resources

2. A mixed-market economy is one in which

the government has complete control.

there are strict limits on economic choice.

the government makes no regulations.

there is competition and free enterprise

3. How does a socialist government with a command economy manage its economy?

The government lets producers set wages for workers.

The government owns all homes and other forms of housing.

The government allows consumers to make their own choices.

The government controls factories and other forms of production.