Asked by
Shawntavia Vaughn
on Oct 13, 2024
Verified
Which of the following nations is a pure capitalist economy where the role of government is kept to a bare minimum?
A) United States
B) Norway
C) Japan
D) Russia
E) None of the listed nations are a pure capitalist economy.
Pure Capitalist Economy
An economic system characterized by private ownership of resources and the use of market mechanisms to allocate goods and services with minimal government intervention.
Government Role
The activities, responsibilities, and powers of a government in shaping society, economy, and ensuring public welfare.
United States
A country located in North America, consisting of 50 states and known for its large size, diverse population, and influential role in global affairs.
- Acquire insight into the peculiar aspects and mechanics of various economic structures, namely capitalism, socialism, and communism.
Verified Answer
TB
Learning Objectives
- Acquire insight into the peculiar aspects and mechanics of various economic structures, namely capitalism, socialism, and communism.