Questions: Select the correct answer. Jamie took a school trip to Africa to study the economy. In one village, he saw that the people performed only unskilled activities such as hunting and fishing. Also, they did not use money to acquire goods. Instead, they simply exchanged goods with each other. What type of economy does this village have? A. communist B. capitalist C. mixed D. traditional

The answer is D. traditional

A communist economy is characterized by the collective ownership of resources and centralized planning. The government typically controls all means of production and distribution. This does not align with the description of the village, where there is no mention of government control or collective ownership.

A capitalist economy is based on private ownership and the free market. Goods and services are exchanged for money, and prices are determined by supply and demand. The village described does not use money, which is a key component of a capitalist economy.

A mixed economy combines elements of both capitalism and socialism, with some government intervention in the market. The village's economy does not show signs of government intervention or a blend of different economic systems.

A traditional economy relies on customs, traditions, and barter systems for trade. It often involves subsistence activities like hunting and fishing, as described in the village. The absence of money and the reliance on exchanging goods directly indicate a traditional economy.