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Question

Question 1
In a command economy, who typically makes the decisions about what to produce and how to produce it?(1 point)
Responses

Individual consumers
Individual consumers

Private businesses
Private businesses

Local communities
Local communities

The government
The government
Question 2
Southeast Asia is a diverse region that includes countries like Indonesia, Thailand, Vietnam, Malaysia, the Philippines, Singapore, and others. Among them, several have what is known as a **mixed economy**. A mixed economy is a system that combines elements of both capitalism and socialism. In simpler terms, it means that both private businesses and government play important roles in the economy.

Vietnam's economy has transitioned from a centrally planned system to a mixed economy since the 1980s. The government still controls key sectors like telecommunications and banking, but private enterprises have flourished, especially in manufacturing and agriculture. For instance, Vietnam is one of the world's largest rice exporters, with many private farms contributing to this success.

Several countries in Southeast Asia, including Indonesia, Thailand, Vietnam, Malaysia, the Philippines, and Singapore, have mixed economies. These economies balance private enterprise and government involvement, creating a dynamic environment for growth and development. Just as a good recipe needs a mix of ingredients to be delicious, a mixed economy combines different

Which Southeast Asian country has transitioned to a mixed economy since the 1980s?

(1 point)
Responses

Malaysia
Malaysia

Thailand
Thailand

Vietnam
Vietnam

Philippines
Philippines
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Answer 1

Question 1: In a command economy, who typically makes the decisions about what to produce and how to produce it?
Response: The government

Question 2: Which Southeast Asian country has transitioned to a mixed economy since the 1980s?
Response: Vietnam