Question

True or False: Most countries in the world use a mix of command and market mechanisms to answer the fundamental economic questions. True False

Answer 1

The statement is: True.

Step-by-step explanation:

In reality, there are not pure market economies in the world and few pure planned or command economies. Most countries, such as western democracies, are mixed economies. This means they operate partly according to random market forces and partly to centrally planned rules and decisions.