Question

How did Japan's economy change in the years following World War II?

A. Japan adopted more free-market practices while remaining loyal to its communist roots.

B. Japan became a purely free-market economy with no government oversight.

C. The Japanese adopted communism, which allowed them to recover from the devastation of war.

D. The Japanese used a free-enterprise system, introduced by the occupying United States.

Answer 1

The correct option is D

D. The Japanese used a free-enterprise system, introduced by the occupying United States.

Free enterprise is a type of economy where products, prices, and services are determined by the market, not the government. Japanese economy is highly competitive in products linked to international trade.