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Gabriela owns a company that makes silk scarves. She buys the silk from an overseas supplier and is subject to a tax on imported goods. Gabriela most likely lives in
a closed economy with limited government regulation.
a pure market economy with no government regulation.
a command economy with heavy government regulation.
a mixed market economy with some government regulation.
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a mixed market economy with some government regulation.
Explanation: Gabriela runs a private business and participates in international trade, but the government imposes an import tax (a tariff), which indicates some government regulation—characteristic of a mixed economy.
Explanation: Gabriela runs a private business and participates in international trade, but the government imposes an import tax (a tariff), which indicates some government regulation—characteristic of a mixed economy.
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