Which statement best describes a traditional economy? a. economic decisions are made by the government. b. advanced technology is used to increase productivity. c. economic growth is not a top priority. d. profit is the driving force behind economic decisions.

C. Economic growth is not a top priority.

Explanation:

Traditional Economy is actually an economic system in which customs, beliefs, and, obviously, traditions are what help shape the goods and services that the economy produces. Not only that, it also extends to the manner of distribution. The countries that are still using this kind of method are generally farm-based and rural.

Because traditional economies are, many times, based on custom and tradition, some of the important economic decisions might be made based on customs or beliefs of the family, tribe, clan, or community.

1. ford: gerald ford´s presidency, from 1974 to 1977, faced high inflation, named it public enemy nº1, and created the win program (whip inflation now).

2. carter: president from 1977 to 1981, carter had controversial poitions over abortion, but yet, he enforce the roe vs wade decision, which had pro-choice content.

3. reagan. for his eloquency and powerful speeches in his mandates, from 1981 to 1989, reagan earned this nickname, “the great communicator” .

4. george h w bush: despite many presidents had important roles in managing and trying to end the cold war, it was in bush sr's mandate that the berlin wall was materially destroyed, and he was visited by gorbachev in the uspresident from 1989 to 1993.

5. clinton: defense of marriage act. clinton signed this controvesial act, which defined marriage and spouses in strict heterosexual perspective, that was later declard unconstitutional by the us supreme court.

6. george w bush: in the begining of his presidency, which lasted until 2009, bush jr faced the greatest terrorist attacks in us and probably the worlds history, in september, 11 of 2001.

7. obama: in attempts to cease a great economical crisis, barack obama signed the controversial recovery act in february 2009, which handled 780-billion dollars.

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