Podcast Beta
Questions and Answers
What is the primary characteristic of a command economy?
Which of the following was NOT a responsibility of the Gosplan in the Soviet Union?
How did the Gosplan create the five-year economic plans?
What was the purpose of the five-year plans in the Soviet Union?
Signup and view all the answers
How did the command economy system in the Soviet Union differ from a market economy?
Signup and view all the answers
What was the main criticism of the command economy system used in the Soviet Union?
Signup and view all the answers
What is the primary objective of an economic system?
Signup and view all the answers
Which of the following is a characteristic of a traditional economy?
Signup and view all the answers
In a traditional economy, what is the primary factor that determines economic decisions?
Signup and view all the answers
Which of the following is NOT a characteristic of a traditional economy?
Signup and view all the answers
In a traditional economy, who typically makes decisions regarding agricultural production?
Signup and view all the answers
What is the primary source of raw materials for production in a traditional economy?
Signup and view all the answers