Question

The political economy of many of the world’s nation-states has changed radically since the late 1980s. Which of the following is a trend that has been evident? Multiple ChoiceA) A wave of democratic revolutions has swept the world. B) Totalitarian governments have arisen, replacing democratically elected governments. C) There has been a strong move toward centrally planned economies and away from free market economic models. D) Mixed economies are fast replacing market economies.

Answer 1

Answer:

D. Mixed economies are fast replacing market economies.

Explanation:

" A mixed economic system has features of both a command and a free market system. A mixed economy is partly controlled by the government and partly based on the forces of supply and demand.

Most of the main economies in the world are now mixed economies, which operate under a mix of socialism and capitalism."

Reference: Hall, Mary. “Command vs. Mixed Economy: What's the Difference?” Investopedia, Investopedia, 13 Sept. 2019