wacky economic

what is the definition of command economy

• An economic system in which the government makes all decisions about the production and distribution of goods and services.
• An economic system where decisions about production and distribution are made by a combination of government and private individuals
• An economic system where the government has no control over production and distribution
• An economic system where individuals make all decisions about production and distribution

what is a market economy

• a economy the is market cross with command economy

• an government system

• a economy that let the people set the economic rules

• autocracy

in a tradition economy the use a system called________that let them trade goods and services

where is north korea on the economic continumun

• 5%

• 100%

• 92%

• 40%

_______ and______ are both 53% on the economic countinum

japan is what percent on the economic countinum

• 60%

• 125%

• 71%

• 70%

what is speacialzation in trade

• Focusing on producing specific goods or services in which a country or individual has a comparative advantage
• Not engaging in any form of trade
• Selling a wide variety of goods and services

a_______is a tax on trade

a_______limit on item for trade

an ______is a ban of trade or to stop trading