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Economic Systems Review

Economic Systems Review. Identify whether each situation would MOST LIKELY occur in a command, market or mixed economy. Be prepared to explain your reasoning. Acme Auto Company begins ONLY making hybrid cars. All young men and women must work in a hospital for one year.

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Economic Systems Review

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  1. Economic Systems Review Identify whether each situation would MOST LIKELY occur in a command, market or mixed economy. Be prepared to explain your reasoning.

  2. Acme Auto Company begins ONLY making hybrid cars. All young men and women must work in a hospital for one year. A clearance sale is held to rid the store of last year’s clothing styles. One tackle shop charges $3 for fishing lures; another sells the same lures for $2 each.

  3. The highest salary a top executive can receive is $2 million dollars a year. All computers are priced at or below $400 each. Factories must spend at least ¼ of their time producing weapons, clothing, trucks, etc. for the military.

  4. Factories must filter their water waste and exhaust so they do not pollute the environment. Students are tested to help discover their talents and attend schools to study for jobs based on their strengths. A playing card company decided to branch out into video games.

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