Question

3 multiple choice 10 points
in which type of economy does technology rarely change?
command
traditional
socialist
free enterprise

4 multiple choice 10 points
which key player in a capitalist economy promotes innovation and stability through enforcing policies (making laws)?
producer
government
consumer
laborer

Explanation:

For question 3: Traditional economies rely on long-standing customs, rituals, and generational practices, so technological progress is extremely slow or non-existent as methods are preserved over time.
For question 4: In a capitalist economy, the government creates and enforces laws and policies that set frameworks for fair competition, protect intellectual property (to encourage innovation), and maintain economic stability.

Answer:

1. B. Traditional
2. B. Government