ivan works for an automobile factory that exports cars around the world. the government manages the factory…
ivan works for an automobile factory that exports cars around the world. the government manages the factory, and he lives in housing provided by the city. ivan most likely lives in \n a closed economy with limited government regulation. \n a pure market economy with no government regulation. \n a command economy with heavy government regulation. \n a mixed market economy with some government regulation.
Answer
Brief Explanations:
To determine Ivan's economic system:
- A command economy has heavy government control over production (factory managed by government) and often provides public services (city - provided housing).
- A closed economy limits trade (Ivan’s factory exports, so not closed).
- Pure market economies have minimal government regulation (factory is government - managed, so not pure market).
- Mixed economies have partial government regulation, but Ivan’s scenario shows extensive government control (managing factory, providing housing), matching a command economy.
Answer:
C. a command economy with heavy government regulation.