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Although its somewhat mixed, it leans more toward a command system. The government allows for more free market zones as it continues to move toward a market economy. Very likely could lead the world economically in 20 years.
TRUE
Traditional Economy
China
Market Economy
Tariffs
Command Economy
Japan
Embargoes
If decisions are based on basic survival of family and/or community members
TRUE
Traditional Economy
China
Market Economy
Tariffs
Command Economy
Japan
Embargoes
When a country refuses to trade with another country
TRUE
Traditional Economy
China
Market Economy
Tariffs
Command Economy
Japan
Embargoes
Taxes that are added to imported goods.
TRUE
Traditional Economy
China
Market Economy
Tariffs
Command Economy
Japan
Embargoes
If the government makes the decisions about what and how much to produce
TRUE
Traditional Economy
China
Market Economy
Tariffs
Command Economy
Japan
Embargoes
If all of the economic decisions are made by basic supply and demand
TRUE
Traditional Economy
China
Market Economy
Tariffs
Command Economy
Japan
Embargoes
Japan produces some of the world's most popular electronic products
TRUE
Traditional Economy
China
Market Economy
Tariffs
Command Economy
Japan
Embargoes
Its economy is thriving! One of the wealthiest nations in the world. Prices of goods and services are based on supply and demand.
TRUE
Traditional Economy
China
Market Economy
Tariffs
Command Economy
Japan
Embargoes
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