Of the following countries, which one best exhibits the characteristics of a market economy?
A) Canada
B) Cuba
C) North Korea
D) Belarus

Question

Quizplus · Accepted Answer

Canada has a mixed-market economy with private enterprise and government intervention with both businesses and the workforce. It has a diversified economy that includes both natural resources and service industries, and the government policies ensure fair competition and consumer protection. Cuba, North Korea, and Belarus, on the other hand, have command economies where the government controls all aspects of their economies, including production, consumption, and prices.

Of the Following Countries, Which One Best Exhibits the Characteristics