An Example of a Country with a Mostly Private Economy

question 116

Multiple Choice

An example of a country with a mostly private economy and extensive social welfare programs is

• A) the United States.
• B) Sweden.
• C) Japan.
• D) Spain.

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Definitions:

Binding Decisions

Decisions or agreements that are legally or contractually obligating and cannot be easily altered or undone without consent from all involved parties.

Members

Individuals who are part of a group or organization, often with shared interests, goals, or characteristics.

Industrialized Nations

Countries with highly developed industries, advanced technological infrastructure, and high standards of living.

European Union

A political and economic union of 27 European countries that are located primarily in Europe, with policies aiming to ensure the free movement of people, goods, services, and capital.