Which Best Describes a Traditional Economy Answers.com

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Answers to the basic economic questions would be. Which of the following best describes the relationship between trade-offs and opportunity costs.


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The allocation of jobs or duties in societyb.

. It has a command economy. Most communities are focused on providing their own needs with the resources available in the local area. 1 point It was a period of economic hardship.

See answers 2 Best Answer. Aopportunity costs are incurred when trade-offs are made. Economics questions and answers.

Which of the following best describes the economy of the 1920s in the United States. Amodified private enterprise system mixed economy. The lack of economic progress.

A large nation like the United States needs the government to control all growth of business to prevent problems. Agriculture drives the economy. Helpful 1 Not Helpful 0.

The socialist economy focused on the production of goods for the use of the country and humans needs and not for the accumulation of capital wealth. Which of the following best describes one of the main costs or disadvantages of having a traditional economya. 3 points It has a traditional economy.

Traditional system ccommand economy dpure free enterprise system. The best description of the Russian economy before 1985 was a socialist economy. Here are the answers for connexus 6th grade pretest for social studies.

The division of laborc. The ability to tax by the governmentd. Which of the following best describes the United States.

Oligarchy is a form of government in which all power is vested in a few persons or in a dominant class or clique. 2 on a question Which best describes a traditional economy.


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What Is A Traditional Economy Definition And Examples

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