Question

Most capitalist countries do provide some government regulation of the economy. True or False

Answer 1

Answer: True

Although communist countries are famous for the control they exercise over the economy, capitalist countries rarely have completely "free" economies. Economic regulation is an important factor in reducing inequalities and protecting vulnerable sectors of society. It also protects trade and manufacturing in the country.

Answer 2

True, for example, the United States has many government agencies that oversee sectors of the economy ie. the Food and Drug Administration (FDA).