Why are the economies of some Southeast Asian nations growing so quickly? (1 point) Responses They all practice a traditional economy. They all practice a traditional economy. They use a command economy with central governmental control. They use a command economy with central governmental control. They have a mixed economy dominated by markets. They have a mixed economy dominated by markets. They have a free-market economy that benefits everyone.

Question

Why are the economies of some Southeast Asian nations growing so quickly? (1 point) Responses They all practice a traditional economy. They all practice a traditional economy. They use a command economy with central governmental control. They use a command economy with central governmental control. They have a mixed economy dominated by markets. They have a mixed economy dominated by markets. They have a free-market economy that benefits everyone.

Answer 1

They have a mixed economy dominated by markets.

Answer 2

The correct response is: They have a mixed economy dominated by markets.

Answer 3

The correct response is "They have a mixed economy dominated by markets."

To arrive at this answer, you can analyze the economic systems and factors contributing to the rapid growth in Southeast Asian nations:

1. Traditional economy: This refers to an economic system based on customs, traditions, and barter. However, this factor is not relevant to the rapid growth of Southeast Asian economies.

2. Command economy with central governmental control: In a command economy, the government controls the means of production and economic decisions. While some Southeast Asian countries may have elements of government control, this system does not explain the rapid growth seen in the region.

3. Mixed economy dominated by markets: This factor is the most accurate in explaining the rapid growth of Southeast Asian economies. A mixed economy combines elements of both the market and command system, allowing private individuals and businesses to operate freely in markets while also maintaining some government regulation and control. This system encourages entrepreneurship, investment, and trade, which can lead to economic growth.

4. Free-market economy that benefits everyone: While a free-market economy can spur growth, it is not necessarily accurate to claim that it benefits everyone equally. Economic growth can result in both positive and negative impacts for different segments of society.

Overall, the significant growth in Southeast Asian economies can be attributed to their mixed economies, which allow market forces to play a dominant role while also providing some governmental regulation and control.