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UI Post-UTME Geography 2023 (Model questions) Question 10

Question 10

General Knowledge

Which of the following is an example of a market economy?

  1. A.United states
  2. B.China
  3. C.Japan
  4. D.Brazil
Show the answer and explanation

Answer: A (United states)

Explanation

The United States is the classic example of a market economy based on private enterprise.