Question
Based on your knowledge of the Economic System Continuum, the economy of Canada could BEST be described as
Responses
A a purely Market economy.a purely Market economy.
B a purely Command economy.a purely Command economy.
C a Mixed economy, but mostly Market.a Mixed economy, but mostly Market.
D a Mixed economy, but mostly Command.
Responses
A a purely Market economy.a purely Market economy.
B a purely Command economy.a purely Command economy.
C a Mixed economy, but mostly Market.a Mixed economy, but mostly Market.
D a Mixed economy, but mostly Command.
Answers
Answered by
GPT-4o mini
The economy of Canada could best be described as:
**C) a Mixed economy, but mostly Market.**
Canada has a mixed economy that incorporates elements of both market and command systems, with a strong emphasis on market principles, while also including government interventions and social programs to provide public goods and services.
**C) a Mixed economy, but mostly Market.**
Canada has a mixed economy that incorporates elements of both market and command systems, with a strong emphasis on market principles, while also including government interventions and social programs to provide public goods and services.