6. Capitalism and socialism Check the countries whose economies are best described as "mixed," combining aspects of both capitalism and socialism. Check all that apply. ☐ Iceland Canada ☐ Finland Luxembourg France Which of the following are defining characteristics of a capitalist economy? Check all that apply. Public ownership of resources A democratic government Centralized decision making Private ownership of resources Decentralized decision making through markets
6. Capitalism and socialism Check the countries whose economies are best described as "mixed," combining aspects of both capitalism and socialism. Check all that apply. ☐ Iceland Canada ☐ Finland Luxembourg France Which of the following are defining characteristics of a capitalist economy? Check all that apply. Public ownership of resources A democratic government Centralized decision making Private ownership of resources Decentralized decision making through markets
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
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![6. Capitalism and socialism
Check the countries whose economies are best described as "mixed," combining aspects of both capitalism and socialism. Check all that apply.
☐ Iceland
Canada
☐ Finland
Luxembourg
France
Which of the following are defining characteristics of a capitalist economy? Check all that apply.
Public ownership of resources
A democratic government
Centralized decision making
Private ownership of resources
Decentralized decision making through markets](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa6ea35f4-cb93-4d80-9d38-4197f640b54a%2Fcb7d9077-a91c-4bf9-bd30-1d2f85924382%2Fre0of7b_processed.jpeg&w=3840&q=75)
Transcribed Image Text:6. Capitalism and socialism
Check the countries whose economies are best described as "mixed," combining aspects of both capitalism and socialism. Check all that apply.
☐ Iceland
Canada
☐ Finland
Luxembourg
France
Which of the following are defining characteristics of a capitalist economy? Check all that apply.
Public ownership of resources
A democratic government
Centralized decision making
Private ownership of resources
Decentralized decision making through markets
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