Tim Owns and Operates His Own Small Automobile Repair Shop

question 58

Multiple Choice

Tim owns and operates his own small automobile repair shop. However, the prices he can charge are fixed, and he rents his land and building from the government. Most of his friends work for industries owned by the government, although they also enjoy a high level of social services. Tim's country is most likely which type of economy?

• A) market
• B) communist
• C) socialist
• D) capitalist

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Definitions:

Decision Makers

Individuals or groups responsible for making choices and forming policies or strategies within an organization.

Masculine Characteristics

Traits traditionally associated with men, such as assertiveness, competitiveness, and physical strength, often discussed in the context of gender roles and expectations.

Good Manager

A person who effectively leads, guides, and supports their team towards achieving goals while maintaining a positive work environment.

Anglicized

The process of making something more English in style, language, or culture.