Under the __________ system the number of choices in the market is directly related to government involvement in markets.
A) capitalist
B) socialist
C) communist
D) mixed economy

Question

Quizplus · Accepted Answer

In a socialist system, the government has a significant role in regulating and controlling the economy, which can limit the number of choices available in the market. Private ownership is limited, and resources are allocated based on social welfare considerations rather than individual preferences. This can lead to fewer options and less competition in the marketplace.

Under the __________ System the Number of Choices in the Market