Which of the Following Countries Is an Example of an Economic

question 29

Multiple Choice

Which of the following countries is an example of an economic system based on capitalism?

• A)Russia
• B)Sweden
• C)Japan
• D)India
• E)Israel

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Definitions:

Commercial Credit

A type of financing that allows businesses to obtain goods or services with payment to be made at a later date.

Consumer Financial Protection Bureau

A federal agency in the United States responsible for consumer protection in the financial sector.

Regulatory Action

Steps or interventions taken by a government agency to enforce rules, regulations, or laws, usually to protect public interest.

Hidden Fees

Charges or costs that are not disclosed upfront or are difficult to find in the terms of an agreement or contract.