Using the economic spectrum below, which letter indicates the economic system of Canada?
Understand the Problem
The question is asking which letter on an economic spectrum corresponds to Canada's economic system, with options representing different economic systems ranging from communism to free enterprise.
Answer
C
The letter C indicates the economic system of Canada, which is a mixed economy with elements of both socialism and free enterprise.
Answer for screen readers
The letter C indicates the economic system of Canada, which is a mixed economy with elements of both socialism and free enterprise.
More Information
Canada is known for having a mixed economy that combines elements of both socialism and free enterprise, with significant government involvement in social programs and a strong private sector.
Tips
A common mistake is assuming Canada is fully socialist or fully capitalist. Recognize its balance between government and private sector roles.
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