If a country has an economy where people can buy and sell freely, but the government...
If a country has an economy where people can buy and sell freely, but the government sets some price restrictions and regulations then it likely has a________ economy.
| free market |
| command |
|
mixed market The country of Armenia has an economy that includes people buying and selling freely, a government setting some price restrictions such as a minimum wage equivalent to $5 hour and regulates certain industries (pharmaceutical, mining, and farming). Armenia’s economy is likely a ________ economy. |
Homework Answers
Ans) the correct option is mixed market
In the mixed market, the government sets some price restrictions and regulations
Ans) the correct option is mixed
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