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Trade Barriers

Question 7 • GA-GSE Personal Finance and Economics

A country has a economy when its government holds full control over economic activity.

Answer
A
mixed-market
B
command

Explanation

A command economy is one in which the government controls economic activity, such as deciding what is produced and how resources are allocated. Therefore, the correct choice is “command.” A mixed-market economy combines private decision-making with some government involvement, rather than giving the government full control.

AI-written and checked against the verified answer.

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