Global Economy Systems Quiz
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Questions and Answers

What type of economy involves individual and business interaction to solve economic problems?

  • Mixed economy
  • Market economy (correct)
  • Command economy
  • Global economy
  • Which type of economy has the factors of production and distribution owned and managed by the state?

  • Global economy
  • Mixed economy
  • Market economy
  • Command economy (correct)
  • What is a key characteristic of the global economy where countries exchange goods and services across borders?

  • Global supply chains
  • International trade (correct)
  • Foreign direct investment
  • Multinational corporations
  • In which type of economy is there a combination of command and market systems of economic planning and decision making?

    <p>Mixed economy</p> Signup and view all the answers

    Which feature of the global economy involves the establishment of intricate global production processes that span multiple countries?

    <p>Global supply chains</p> Signup and view all the answers

    What plays a vital role in the global economy as countries engage in international trade and investment?

    <p>Currency exchange and financial markets</p> Signup and view all the answers

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