Author Question: The government of Melize does not impose strict restrictions on private sector investments but tries ... (Read 122 times)

kwoodring · **on:** Jul 8, 2018

The government of Melize does not impose strict restrictions on private sector investments but tries to control economic inequality in the society by creating policies to redistribute economic wealth and protect the poor.

The government imposes high taxes on the wealthy sections of the society to provide public goods and other facilities that favor economic growth. Melize is an example of a ________.
A. social democracy
B. laissez faire economy
C. planned economy
D. free-market system
E. command economy

Question 2

Governments that adopt a free market approach to the economy ________.

A. involve themselves extensively in regulating the market
B. determine the supply, demand, and prices of products in the market
C. favor individual political and economic freedom of choice
D. retain ownership of all large companies and businesses in the state that employ millions of people
E. impose high taxes on citizens to solve the problem of economic inequality