What is the definition of mixed economy?

Economic system that has some combination of traditional, command, and market economies.

When the govt owns everything including housing and property.

What is the conventional name of North Korea?

Democratic People's Republic of Korea

Quiz

dmlj2014 10 questions

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1Who was the communist philosopher that viewed all of history as a struggle between workers and property owners?
1. AKarl Marx
2. BAlbert Einstein
2What is the definition of mixed economy?
1. AEconomic system that has some combination of traditional, command, and market economies.
2. BWhen the govt owns everything including housing and property.
3What does allocation mean?
1. ADistribution
2. BConsumption
4If the govt intervenes to much what kind of of govt developes?
1. ACommand or socialist
2. BTraditional
5What is the conventional name of North Korea?
1. ADemocratic People's Republic of Korea
2. BUnited Korea
6Which of the following country has a mixed economy?
1. AFrance
2. BChina
7Did the Great Depression last from 1929 1939?
1. ATrue
2. BFalse
8In a communist govt the govt decides your career?
1. ATrue
2. BFalse
9In a traditional economy jobs are based on the tradition?
1. ATrue
2. BFalse
10In Norway the govt owns the basic petroleum industry?
1. ATrue
2. BFalse