Weegy: Passing clothes down from older to younger brother best illustrates the traditional economic system.
User: Capitalism has evolved into a mixed economy throughout the world.
True
False
User: Adam Smith wrote the famous economics book _____.
The Wealth of Countries
The Rise of Mercantilism
The Wealth of Nations
The Wealth of Economic Systems
Weegy: Adam Smith wrote the famous economics book Wealth of Nations.
User: This economic system is characterized by the unregulated exchange of goods and services.
Mercantilism
Communism
Socialism
Free Market
User: Family planning is a service that helps couples _____.
create a monthly budget.
decide if they will have children or how many children they will have.
adopt children.
plan for their children's college education.
Weegy: Family planning is a service that helps couples - decide if they will have children or how many children they will have.
User: Political revolutions involve minor government reforms and the election of a new president.
True
False
User: What is a significant difference between Socialism and Capitalism?
Socialism encourages the private ownership of capital.
The means of production are privately owned under Socialism.
Government or a central authority owns the means of production under Socialism.
User: What do all three economic systems have in common?
Each system represents different answers to the four basic economic questions.
Distribution of goods and trade is limited in each system.
Government is the best source to answer the basic economic questions.
User: The pandemic that ravaged Constantinople in the sixth century was called the _____.
Byzantine Death
Justinian Plague
Black Death
Hemorrhagic Fever
User: Mercantilism is a form of _____.
Socialism
Capitalism
Communism
Laissez-faire
User: Political revolutions involve minor government reforms and the election of a new president.
True
False
(More) 8
Capitalism allows for significantly less freedom than other economic systems. FALSE.
Added 8/26/2016 12:23:19 PM
This answer has been confirmed as correct and helpful.
Confirmed by
jeifunk [8/26/2016 12:36:33 PM]
8
Free Market system is characterized by the unregulated exchange of goods and services.
Added 8/26/2016 12:23:35 PM
This answer has been confirmed as correct and helpful.
Confirmed by
jeifunk [8/26/2016 12:36:50 PM]
8
Government or a central authority owns the means of production under Socialism is a significant difference between Socialism and Capitalism.
Added 8/26/2016 12:23:51 PM
This answer has been confirmed as correct and helpful.
8
The pandemic that ravaged Constantinople in the sixth century was called the Justinian Plague.
Added 8/26/2016 12:23:58 PM
This answer has been confirmed as correct and helpful.
Confirmed by
jeifunk [8/26/2016 12:36:54 PM]
8
Mercantilism is a form of capitalism.
Added 8/26/2016 12:24:05 PM
This answer has been confirmed as correct and helpful.
Confirmed by
jeifunk [8/26/2016 12:37:02 PM]