Question

Look at the types of economies continuum.

Which statement describes the economy of Brazil.

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Group of answer choices

Brazil has a pure market economy.

Brazil has a pure command economy.

Brazil is mostly a market economy, but the government does control some businesses.

Brazil is mostly a command economy, but the government allows some farmes to sell some of their goods on their own.

Answer 1

Answer: "Brazil is mostly a market economy, but the government does control some businesses."

Brief explanation: Brazil has a mixed economy — predominantly market-based with private ownership and market signals, but substantial government involvement (state-owned firms, regulation, social programs and interventions). It's not a pure market or pure command system.