As the term "global" becomes "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 (Cuba is the example)and for capitalist nations to trend toward socialism.

Question

Quizplus · Accepted Answer

The statement implies that there will be more opportunities to compete in the global market, which means nations will need to adopt mixed economies (a combination of private and government ownership/control of industries) to be competitive. This means that the long-term trend will be for most nations to operate as mixed economies, as opposed to pure socialist or capitalist systems. The other choices are not supported by the information provided.

As the Term "Global" Becomes "Local",and as We See More