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Which of these describes a market economic system?
Economic decisions are based on supply and demand. A+
Which of these describes a traditional economic system?
Agriculture drives the economy
Which of these describes the economic theory of laissez-faire?
An economic system should be driven by free market forces, not government intervention. A+
What is the American economic system known as?
Mixed capitalism
Why is American Enterprise Day important?
because its our economic system
Which of these describes a market economic system?
Economic decisions are based on supply and demand. A+
What describes China's economic system?
mixed/command
What BEST describes china's economic system?
mixed/command
What best describes japan's economic system?
Mixed/Market
Which of these describes a traditional economic system?
Agriculture drives the economy
What describes the American system?
Mixed-market. A+
What best describes Henry Clay and American System?
Henry Clay was a prominent American statesman and politician in the early 19th century, known for his role as a key architect of the American System. This economic plan aimed to promote national economic growth through a combination of protective tariffs, a national bank, and internal improvements such as roads and canals. Clay believed that these measures would foster economic interdependence among the states and strengthen the nation as a whole. His vision laid the groundwork for modern American economic policy and regional development.
Which of these describes the economic theory of laissez-faire?
An economic system should be driven by free market forces, not government intervention. A+
What word describes the economic system of European countries during the colonial era?
Mercantilism
What is the keystone to the American economic system?
consumer sovereignty
What is the American economic system known as?
Mixed capitalism
What best describes cuba's economic system under Fidel Castro?
It has been a big failure.
