Question

What steps must countries take to transition to a mixed-market economy? Check all that apply. They must establish state-owned businesses.
A) They must decrease private ownership.
B) They must establish a fair labor market.
C) They must discourage foreign investment.
D) They must open up trade to other countries.

Answer 1

The answer is:

B. They must establish a fair labor market.

D. They must open up trade to other countries

In mixed-market economy, both government and the private sectors play equally important roles in managing/regulating the economy.

Establishing fair labor market is being done in order to prevent the private sectors from abusing their workers. Opening trade to other countries is being done by the government sectors through mutually beneficial foreign policies which will improve our total exports.

Answer 2

Answer:

C. They must establish a fair labor market.

E. They must open up trade to other countries

Explanation:

In mixed-market economy, both government and the private sectors play equally important roles in managing/regulating the economy.

Establishing fair labor market is being done in order to prevent the private sectors from abusing their workers. Opening trade to other countries is being done by the government sectors through mutually beneficial foreign policies which will improve our total exports.