In the Nation of Equalia,many Businesses Are Privately Owned,but the Government

question 34

Multiple Choice

In the nation of Equalia,many businesses are privately owned,but the government owns some of the basic businesses and has developed many social programs designed to promote social equality.Tax rates are high,and many educated people have left the country.The economy of Equalia would be considered an example of:

• A)mercantilism.
• B)communism.
• C)socialism.
• D)pure capitalism.

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Definitions:

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