"Government is taking 40 percent of the GDP (all the goods and services produced in the country in a year). And that's at the state, local, and federal level… At some point, you cease being a free economy, and you become a government (command) economy. And we've got to stop that."—Mitt Romney
What kind of economy would this speaker most likely favor?
An economy where decisions are primarily made by lawmakers with voter input
An economy where decisions are made by the government
An economy where decisions are primarily made by the wealthiest members of society
An economy where decisions are primarily made by individuals
Based on the statement made by Mitt Romney, it can be inferred that the speaker would most likely favor an economy where decisions are primarily made by individuals.
Based on the statement by Mitt Romney, the speaker would most likely favor an economy where decisions are primarily made by individuals. This is because he expressed concern about the government's role in the economy, specifically the high level of government intervention and the impact it has on economic freedom. He referred to the high tax rate as an indicator of a government-commanded economy, suggesting a preference for a more free-market system where individuals have greater control over their economic decisions.
