Businesses in Finland sell a wide variety of products with manufacturing, woods, telecommunications, metals, engineering, and electronics being the primary exports. Businesses are free to sell any legal product they want in any manner they desire as long as it does not violate any laws or ordinances. The nation has a very liberal welfare policy with most citizens, even at an early age, receiving monthly pension checks from the government. What type of economic system is employed in Finland? A. Finland has a command economy. B. Finland has a free market capitalist economy. C. Finland has a mixed economy similar to the United States. D. Finland has a socialist economic system as demonstrated by its pension program.
Businesses in Finland sell a wide variety of products with manufacturing, woods, telecommunications, metals, engineering, and electronics being the primary exports. Businesses are free to sell any legal product they want in any manner they desire as long as it does not violate any laws or ordinances. The nation has a very liberal welfare policy with most citizens, even at an early age, receiving monthly pension checks from the government. What type of economic system is employed in Finland? A. Finland has a command economy. B. Finland has a free market capitalist economy. C. Finland has a mixed economy similar to the United States. D. Finland has a socialist economic system as demonstrated by its pension program.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Businesses in Finland sell a wide variety of products with manufacturing, woods, telecommunications, metals, engineering, and electronics being the primary exports. Businesses are free to sell any legal product they want in any manner they desire as long as it does not violate any laws or ordinances. The nation has a very liberal welfare policy with most citizens, even at an early age, receiving monthly pension checks from the government. What type of economic system is employed in Finland?
A. Finland has a command economy.
B. Finland has a free market capitalist economy.
C. Finland has a mixed economy similar to the United States.
D. Finland has a socialist economic system as demonstrated by its pension program.
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