PRC-3 · Chapter 1 · Question 40 of 61
In Country X, the government fully owns and operates the national airlines and postal service, but allows private individuals to own and operate telecom and retail businesses freely. What economic system does Country X utilize?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Mixed Economy
Explanation
A mixed economy features a blend of private enterprise responding to market forces alongside significant state ownership of certain strategic industries.
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