According to the textbook, which of the following statements is correct?
A)New Zealand is an example of a capitalist economic system because market forces operate freely.
B)Most countries have either a socialist or a capitalist economic system.
C)No socialist economic systems exist anymore.
D)Most countries combine elements from socialist and capitalist economic systems.

Question

Quizplus · Accepted Answer

According to the textbook, most countries have mixed economies that combine elements from both socialist and capitalist economic systems. While some countries may lean more towards one end of the spectrum or have more government intervention than others, true purely socialist or capitalist economies are rare in practice.

According to the Textbook, Which of the Following Statements Is