Select T if the item describes traditional economic systems. Select C if the item describes command economic systems.
Select M if the item describes market economic systems.

prices determined by the government

freedom as a producer

custom determines how goods are produced

production is determined to fulfill government

people's jobs are chosen by the government

economic decisions are made by individuals and businesses

economies based on hunting, trapping, or fishing

What was the main idea behind the daoist religion? a. everyone's life was guided by moral behavior. b. to live peacefully meant to live a life of suffering. c. family should be put above all else. d. all things should follow the flow of nature.

Why would nations in latin america be part of a mostly arab cartel group known as opec? a) latin america refused to do business with countries that were not part of opec. eliminate b) natural resources such as oil are a major economic development for some latin american countries. c) latin america has a long history of distrust of the united states and fears a take-over of oil fields. d) latin american nations such as venezuela needed in getting natural resources to other parts of the world. 15

Because many successful business owners fail on their first attempts, the reader should assume that.