As the term "global" become "local", and as we see more opportunities to compete in the global market,

A. the long-term trend is for most nations to operate as mixed economies.

B. disagreements about the best economic system to embrace will cause many nations to close their doors to outside commerce.

C. the only industries that governments will want to own are the ones that are profitable.

D. the forecast is for socialist nations to trend toward communism (Cuba is the example) and for capitalist nations to trend toward socialism.

Question

Carlie Wiggins

Business

22 January, 01:46

As the term "global" become "local", and as we see more opportunities to compete in the global market,

A. the long-term trend is for most nations to operate as mixed economies.

B. disagreements about the best economic system to embrace will cause many nations to close their doors to outside commerce.

C. the only industries that governments will want to own are the ones that are profitable.

D. the forecast is for socialist nations to trend toward communism (Cuba is the example) and for capitalist nations to trend toward socialism.

+5

Answers (1)

Know the Answer?

Giovanny Bowman · Answer 1

The correct answer is A. the long-term trend is for most nations to operate as mixed economies.

Explanation:

The mixed economy refers to an economic model that uses the market to allocate resources, but in which the State intervenes to regulate its operation, incorporates elements of the free market economy and the planned economy, or a proposal in which the private ownership of capitalism and the collective ownership of socialism coexist (in general, and not exclusively, in a state or public way) in order to include broader social considerations in an economic system, for example, ethics, social justice, social welfare, sustainable management of the environment, etc. It is the economic model defended by the social democratic currents, being its most obvious example, the Scandinavian countries, such as Norway, Sweden or Denmark.