Final answer:
It is true that Norway's government owns a significant share of electric utilities. Norway's economic strategy includes heavy public investment in infrastructure and societal goods, leveraging profits from natural resources like oil and natural gas to fund their welfare state and maintain energy independence.
Step-by-step explanation:
The statement that Norway's government owns a large portion of electric utilities is true. Norway has invested heavily in public goods and services, including clean and efficient public transportation, which often characterizes systems significantly funded by the government. Therefore, the ownership and control over utilities, including electric utilities, follow the same pattern of substantial public sector involvement. This country's government takes an active role in various sectors including early childhood education, and has profited from natural resources, like oil and natural gas, using the revenues to bolster the country's social services and infrastructure.
Norway's approach is indicative of a country that has a larger government role in the economic system, leaning towards the command economy side of the spectrum. While non-renewable sources like oil and natural gas from under the North Sea have traditionally fueled Norway's wealth, they also meet a significant portion of their electricity needs from renewable resources, showing investment in sustainable energy. The country's choice to remain outside of the European Union (EU) is partially a manifestation of its economic and energy independence.