Question

Country A has an absolute command economy. Country B has a mixed economy and a population that favors market trade. Both want to increase trade to generate more wealth. Which action would Country B most likely take that Country A would not?

Impose stricter divisions of labor
Increase production quotas
Loosen certain trade regulation
Permit limited private ventures

Answer 1

The action that would Country B most likely take that Country A would not is Loosen certain trade regulation. This is because country A is an absolute command economy in which it has a government that dictates the products that iswhy it is hard for them to loosen their trade regulation.

Answer 2

The correct option here is the option C.
The absolute market economy is the economy in which the government has the complete control of the market and it decides both the supply and the demand for a certain product. The mixed market economy is basically free market with certain government regulations that are placed in order to protect the economy and the consumers. So in order to increase more wealth certain regulations would be loosened in the the mixed market economy and would not happen in command economy.