Both the former Soviet Union and China (until quite recently) were highly centrally planned, and virtually all resources were government-owned. Although Russia and China have moved toward market economies, a large portion of each country's resources is still owned by the state. Which of these economies must answer the three basic economic questions?

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Answer choices

All of the economies must answer the three basic questions.

China, both in the past and as it is now, has had to answer the three basic questions.

The Soviet Union and China as they were in the past had to answer the three basic questions.

Russia, both in the past and as it is now, has had to answer the three basic questions.