All of the following are examples of mixed economies EXCEPT
A) in socialist France, the French government owns the postal service industry.
B) in socialist Sweden, most businesses are owned and operated by private individuals.
C) in capitalist United States, an independent federal agency operates the postal service.
D) in once-communist Russia, private ownership of businesses has been implemented.
E) in communist China, state capitalism is used to advance the economy.

Question

Quizplus · Accepted Answer

In socialism, the government owns and operates basic industries. For example, the French government owns the postal service industry. Mixed economies have elements from more than one economic system. For instance, in socialist Sweden, most businesses are owned and operated by private individuals; in capitalist United States, an independent federal agency operates the postal service; in once-communist Russia, private ownership of businesses has been implemented; and in communist China, state capitalism has been used to advance the economy.

All of the Following Are Examples of Mixed Economies EXCEPT