Tim Garner owns and operates his own small automobile repair shop.However, the prices he can charge are fixed, and he rents his land and building from the government.Most of his friends work for industries owned by the government.Tim's country is most likely a(n) ____ economy.
A) market
B) communist
C) socialist
D) industrialised
E) Capitalist

Question

Quizplus · Accepted Answer

The fact that the government owns industries and rents land and buildings suggests that the country has a socialist economy, where the government plays a larger role in the ownership and control of resources and businesses.

Tim Garner Owns and Operates His Own Small Automobile Repair