Which of the following is the most accurate characterization of the Japanese model of government-guided free market economy that served it so successfully in the decades following World War II?
A) A small, flexible bureaucracy provides enforcement of regulations and collects taxes, leaving the free market to operate without interference.
B) A powerful bureaucracy determines production levels and resource commitments to domestic industries, which are all state-owned.
C) A strong bureaucracy provides financial assistance, advice, and protection from foreign competition to domestic industrial enterprises.
D) A small bureaucracy maintains a high level of economic efficiency by ensuring multiple domestic and foreign competitors.
Correct Answer:
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