Which of the following would most likely be considered a transition economy?
A)Somalia
B)Czech Republic
C)Greece
D)Mexico
E)Antigua

Question

Quizplus · Accepted Answer

The Czech Republic is commonly considered a transition economy, as it has undergone significant economic reforms and restructuring since the dissolution of the Soviet Union in 1991. It has shifted towards a market-oriented economy, but still has some elements of central planning and government control. Somalia and Antigua are classified as developing economies, while Greece and Mexico are considered emerging economies.

Which of the Following Would Most Likely Be Considered a Transition