In a planned economy, businesses are owned by the government, but the production decisions are made by individual workers.
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Q1: In a market economy, the answers to
Q2: Today, most societies have chosen mixed economies
Q3: In 2007, about ¾ of the world's
Q5: A major challenge for free-market economies is
Q6: The fundamental motivation for change in Eastern
Q7: Today China describes itself as a socialist
Q8: In 2002 China decided to withdraw from
Q9: Japan, New Zealand, and Australia are all
Q10: Overpopulation is a problem for many developing
Q11: Developing nations tend to have diversified exports
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