Question

Which of the following statements most accurately describes the economy that exists in Hong Kong? It is a command economy controlled by the Chinese government. It is a traditional economy in which bartering is the main way people conduct trade. It is mostly a free market economy with few government regulations. It is a mixed market economy with government involvement in many industries.

Answer 1

The statement that most accurately describes the economy controlled by the Chinese Government is "It is mostly a free market economy with few government regulations.

Answer 2

"It is mostly a free market economy with few government regulations" is correct. Hong Kong actually has one of the freest economies in the world, where individual banks set their own interest rates.