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)