Question

All South American economies are A diversified economies that make many different types of products B market economies in which individual consumers and producers make all economic decisions C mixed economies that generally follow market principles but the government also plays a role D command economies in which the central government makes all basic economic decision

Answer 1

The correct answer is C: mixed economies that generally follow market principles but the government also plays a role.

South American economies typically feature a combination of market-driven activities along with significant government involvement in many sectors, making them mixed economies.