Which of the following is a common of feature of economies such as South Korea, Taiwan, Hong Kong, Singapore, Chile that have achieved significant gains in economic growth?
A) Abundant exportable natural resources
B) The existence of a market economy
C) A low degree of government involvement in the provision of housing, health care, and education
D) Heavy reliance on foreign investments

Question

Quizplus · Accepted Answer

The existence of a market economy is a common feature among the economies listed that have achieved significant gains in economic growth. While some of these economies do have natural resources or rely on foreign investments, these are not universal features among them. Additionally, while some of these economies have varying degrees of government involvement in certain sectors, they all operate with a market economy system overall.

Which of the Following Is a Common of Feature of Economies