Weegy: In what kind of an economy does the government make all the decisions?
C. centrally planned
User: Which of the following is a characteristic of a traditional economy?
A. It revolves around the family unit.
B. It is usually based on light industrial production.
C. It encourages innovation and change.
D. It has a high standard of living.
Weegy: D. It revolves around the family unit.
User: What is the main difference between the economies of China and North Korea?
A. North Korea is not centrally planned.
B. North Korea is privatizing businesses.
C. China is privatizing businesses.
D. China is not centrally planned.
Weegy: The answer is C.
User: The following lists are nations with mixed economies. In which list is the free market most dominant?
A. Russia, Peru, France, Canada
B. United States, United Kingdom, Singapore, Hong Kong
C. France, Canada, South Africa, United Kingdom
D. Cuba, Greece, China, United States
(More)