Which of the following statements most accurately describes the economy that exists in Hong Kong? It is a command economy controlled by the Chinese government. It is a traditional economy in which bartering is the main way people conduct trade. It is mostly a free market economy with few government regulations. It is a mixed market economy with government involvement in many industries.

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Bianca

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30 September, 12:36

Which of the following statements most accurately describes the economy that exists in Hong Kong? It is a command economy controlled by the Chinese government. It is a traditional economy in which bartering is the main way people conduct trade. It is mostly a free market economy with few government regulations. It is a mixed market economy with government involvement in many industries.

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Georgia Fowler · Answer 1

"It is mostly a free market economy with few government regulations" is correct. Hong Kong actually has one of the freest economies in the world, where individual banks set their own interest rates.

Mckenna Craig · Answer 2

The statement that most accurately describes the economy controlled by the Chinese Government is "It is mostly a free market economy with few government regulations.