Question

An economy in which all the boys become farmers when they are adults, just as their fathers and grandfathers did, would be an example of a

A. free market economy
B. command economy
C. traditional economy
D. centrally planned economy

Answer 1

An economy in which all the boys become farmers when they are adults, just as their fathers and grandfathers did, would be an example of a C.) TRADITIONAL ECONOMY.

Traditional Economy has the 3 characteristics:
1) Based on agriculture, fishing, hunting, gathering or a combination of any of the 4 afore-mentioned basis.

2) Guided by tradition.

3) Uses barter of goods instead of exchange of money.