Fred Sanchez Owns and Operates His Own Small Automobile Repair

Multiple Choice

Fred Sanchez owns and operates his own small automobile repair shop.However,the prices he can charge are fixed,and he rents his land and building from the government.Most of his friends work for industries owned by the government.Fred's country is most likely a(n) ____ economy.

A) market
B) communist
C) socialist
D) industrialized
E) capitalist