As "global" trends become "local," and as we see more opportunities to compete in the global market,
A) the long-term trend is for most nations to operate as mixed economies.
B) disagreements about the best economic system to embrace will cause many nations to close their doors to outside commerce.
C) the only industries that governments will want to own are the ones that are profitable.
D) the forecast is for socialist nations to trend toward communism and for capitalist nations to trend toward socialism.

Question

Quizplus · Accepted Answer

The trend in the global economy is toward mixed economies since neither free-market nor command economies have resulted in optimal economic conditions.

As "Global" Trends Become "Local," and as We See More