Abby left her native land in Eastern Europe to become a nanny for a family in a western suburb of Chicago, Illinois. One of the benefits of her arrangement was that she could attend the community college near her family's residence. When she arrived at her new job, she experienced some immediate differences. Abby noted that public transportation in northern Illinois was limited and expensive, making it difficult to get to school. For a negligible fee, the government in her native country provided public transportation to everyone. The economic system in Abby's native country was more characteristic of ___________.

Question

Quizplus · Accepted Answer

The fact that Abby's native country provided public transportation to everyone for a negligible fee suggests that it had a socialist economic system where the government is responsible for providing basic services to its citizens. Pure capitalism is characterized by limited government intervention in the economy, while mercantilism emphasizes exports and accumulating wealth through trade. Communism is a more extreme form of socialism where the government owns and controls all resources and means of production.

Abby Left Her Native Land in Eastern Europe to Become