Question

select the correct answer.

jamie took a school trip to africa to study the economy. in one village, he saw that the people performed only unskilled activities such as hunting and fishing. also, they did not use money to acquire goods. instead, they simply exchanged goods with each other. what type of economy does this village have?

• communist
• capitalist
• mixed
• traditional

Explanation:

Analyze the characteristics of the village's economy

The text describes a village where:

• People perform activities such as hunting and fishing.
• They do not use money to acquire goods.
• They exchange goods directly with each other (bartering).

Match characteristics to economic systems

• Communist: An economy where the government controls production and distribution.
• Capitalist: A market-based economy driven by private ownership, supply and demand, and money.
• Mixed: An economy combining private enterprise and government intervention.
• Traditional: An economy based on customs, history, and time-honored beliefs, typically relying on hunting, fishing, agriculture, and bartering rather than money.

Determine the correct option

The described characteristics align perfectly with a traditional economy.

Answer:

• communist
• capitalist
• mixed
• traditional (Correct answer)