Question

10 multiple choice 2 points which of these is usually true in nations with a market economy? businesses that are inefficient risk going out of business. most farms are owned and operated by the government. workers are restricted by the government from changing jobs. consumers have little choice in the types of goods they may buy. 11 multiple choice 2 points the basic economic problem that all individuals, businesses, and governments must solve is satisfying unlimited wants with limited resources. guaranteeing that everyone has a bank account. making sure all resources are used. updating jobs to take advantage of the newest technology. 12 multiple choice 2 points which of these is most often a feature of countries with traditional economies? the economy is dependent on continued technological advances. the economy is controlled by a strong central authority. the government ensures that wealth is evenly distributed among citizens. the government values usual occupational roles over economic growth.

Explanation:

• Question 10: In a market economy, competition is key. Inefficient businesses are likely to fail as they cannot compete effectively. Government - owned farms, restricted job - changing, and limited consumer choice are more characteristic of command or planned economies.
• Question 11: The fundamental economic problem is scarcity, which is about satisfying unlimited wants with limited resources. Having a bank account, using all resources, or job - technology updating are not the basic economic problems.
• Question 12: Traditional economies rely on customs, traditions, and usual occupational roles. Technological dependence is more of a modern economy trait. Central - controlled economies are command economies, and wealth - equal distribution is not a typical feature of traditional economies.

Answer:

1. Businesses that are inefficient risk going out of business.
2. satisfying unlimited wants with limited resources.
3. The government values usual occupational roles over economic growth.