Question

Mexico and Brazil both have this type of economic system?

A. They are both traditional economies.

B. They are both mixed economies.

C. They are both pure market economies.

D. They are both pure command ecnomies.

Answer 1

Answer:

B. They are both mixed economies

Explanation:

Brazil has one of the world's larger economies. Its economy is mixed and based largely on a free-market (capitalist) system but with some government controls—for example, taxes and limitations on trade and on industrial pollution.

Mexico has a mixed economy, which means that it is made up of both privately-owned and state-owned companies. The government also regulates economic activity. Development is occurring at a rapid rate and private investments and businesses have also been increasing

Both are mixed economies