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Economics quiz 2: Part 1

Which country is ranked #17 in Economic Freedom?
America
South Africa
What best describes agriculture?
Farming
A process traditional economies revolve around
When private individuals and businesses own the means of production, that's known as:
Capitalism
Socialism
When the government owns all means of production, that's known as:
Socialism
Communism
What is a 'mixed economy'?
An economy that displays characteristics of other types of economies
A combination of two different markets
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