Which of the following do the British and German economies have in common? Select the two correct answers.
(1 point)
Responses
high wages due to investment in human capital
high wages due to investment in human capital
a strong government role in a mixed economy
a strong government role in a mixed economy
coastline for ports of entry and trade
coastline for ports of entry and trade
strong entrepreneurship helping a strong economy
strong entrepreneurship helping a strong economy
recent expansion into engineering and technical fields
a strong government role in a mixed economy
strong entrepreneurship helping a strong economy
The two correct answers are:
1) A strong government role in a mixed economy: Both the British and German economies have a significant government involvement in their respective mixed economies. The governments play a role in regulating industries, providing support for businesses, and implementing social welfare programs.
2) Coastline for ports of entry and trade: Both countries have coastlines that provide easy access to international trade through ports. This geographic advantage allows for efficient import and export activities, contributing to their economies.