Question

The following lists are nations with mixed economies. In which list is the free market most dominant?

a. France, Canada, South Africa, United Kingdom
b. Cuba, Greece, China, United States
c. United States, United Kingdom, Singapore, Hong Kong
d. Russia, Peru, France, Canada

Answer 1

The correct answer is C) United States, United Kingdom, Singapore, Hong Kong.

The following lists are nations with mixed economies. The list in which the free market is most dominant is "United States, United Kingdom, Singapore, Hong Kong."

Free market economies support the free trade of goods and services in order to benefit the economies of the participant countries. Free market economies do not have any restrictions form the government and it only intervenes in extreme situations to solve any issues. For international controversies, the World Trade Organization (WTO) intervenes to try to help fix any difference between countries.

Answer 2

It's definitely not the list which includes Cuba - since Cuba is communist.

Also Russia, although formally a democracy is an oligarchy and does not have a free market in the strict sense.

It's also not the mainland European countries - they are known for their social politics and mixed systems .

The correct answer is then: c. United States, United Kingdom, Singapore, Hong Kong