Question

How could the Chinese economy be characterized?

Answer 1

B. Mixed, but on the side of Centrally Planned.

Answer 2

The Chinese economy could be characterized as a mixed, but on the side of centrally planned. Option C is correct.

A centrally planned economy is an economic system in which the state or government makes economic decisions rather than being made by the interaction between consumers and businesses.

Meanwhile, a mixed economy combines  characteristics of market, command and traditional economies. In a mixed economy, the government’s role in other areas depends on the priorities of the citizens.