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Quiz: Free Market, Mixed and Command Economies

Pearson Edexcel Level 3 Advanced GCE in Economics A (9EC0)

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Building on what you've learned, let's test your knowledge of free market, mixed and command economies!

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Which economist is most associated with advocating free market economies?

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Which of the following are characteristics of a command economy? (Select all that apply)

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In a {{blank0}} economy, both the government and private individuals play roles in allocating resources.

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Match the items on the left with their correct pairs on the right

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What is the main disadvantage of a command economy?

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Which of the following are benefits of a free market economy? (Select all that apply)

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In a free market economy, decisions about production and pricing are based on {{blank0}} forces.

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Which of the following is an example of a mixed economy?

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