Statement I.One of the economic roles of our government is to maintain our competitive system and ensure the relatively unfettered operation of the law of supply and demand.
Statement II.The Chinese economy has a very small private sector.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.

Statement I is true. One of the economic roles of the government is to maintain a competitive system and to ensure the relatively unfettered operation of the law of supply and demand. This is often achieved through policies that promote competition, such as antitrust laws and regulations that prevent monopolies from forming.

On the other hand, Statement II is false. The Chinese economy has a very large private sector, contrary to what the statement suggests. While the Chinese government does exert a great deal of control over the economy, there are many private enterprises operating in the country. In fact, China has been moving towards a more market-oriented economy over the past several decades, and the private sector has grown significantly as a result.