Question

1. In what type of economic system do individuals own most of the businesses?. A) democracy. B) communism. C) capitalism. D) socialism. 2. Which country does NOT belong to the NAFTA trade alliance? . A) United States. B) Russia. C) Canada. D) Mexico. . 3. Countries with little industry are called . A) industrialized nations.. B) prehistoric nations.. C) developed nations.. D) developing nations.. . 4. Capitalism is called a free-market economy because. A) the central government owns most businesses.. B) it depends on lack of trade.. C) producers compete freely for consumers’ business.. D) it does not rely on competition.

Answer 1

1.Capitalism.

2. Russia.

3. Developing nations.

4.Producers compete freely for consumers business.

Step-by-step explanation:

Capitalism gives the people the chance to own a business and make a profut of it.

NAFTA is a Free trade agreement between the three countries from North America, Mexico, USA, and Canada.

Developing nations are called that way because they have non or little industry.

Capitalism is a free market economy because the markets is not regulated by the State.

Answer 2

The correct answer to number 1 is C) Capitalism.

Capitalism is an economic system in which businesses have a significant amount of control over who is hired, what products they create, and how many products they produce over a certain period of time.

The correct answer to number 2 is B) Russia

NAFTA stands for the North American Free Trade Agreement. Out of all the option choices, only Russia is not part of North America. This is why letter B is correct.

The correct answer to number 3 is C) Developed nations.

Developed nations are ones that have some technological advances but not as many as an industrialized nation. However, this group of nations is more advanced technologically than developing nations.

The correct answer to number 4 is C) Producers compete freely for consumers' business.

A free-market economy exists in America today, as companies are allowed to compete against each other through the use of advertisements, sales, etc.