what steps must countries take to transition to a mixed - market economy? check all that apply. they must…

what steps must countries take to transition to a mixed - market economy? check all that apply. they must establish state - owned businesses. they must decrease private ownership. they must establish a fair labor market. they must discourage foreign investment. they must open up trade to other countries.

what steps must countries take to transition to a mixed - market economy? check all that apply. they must establish state - owned businesses. they must decrease private ownership. they must establish a fair labor market. they must discourage foreign investment. they must open up trade to other countries.

Answer

Answer:

  • They must establish a fair labor market.
  • They must open up trade to other countries.

Brief Explanations:

A mixed - market economy has elements of both private and public sectors. A fair labor market promotes competition and efficiency. Opening up trade allows for economic growth and access to global resources, which are key aspects of a mixed - market economy. Establishing state - owned businesses is more characteristic of a planned economy, decreasing private ownership goes against the nature of a mixed - market economy which values private enterprise, and discouraging foreign investment limits economic development and integration.