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Which Statement Best Describes a Mixed Market Economy? Consumer Intervention in Economic Choices Is Strictly Forbidden. The Government

Problemas

Which statement best describes a mixed market economy? Consumer intervention in economic choices is strictly forbidden. The government determines economic choices and makes most decisions. The decisions made by producers and consumers drive all economic choices. Producers and consumers make some economic choices while the government makes others

Roztwór

Edith maestro · Tutor durante 5 años
Weryfikacja ekspertów
4.7 (331 Votos)

Respuesta

D

Explicación

## Step 1A mixed market economy is a type of economic system that combines elements of both a free market and a command economy. In a mixed market economy, both the private sector and the government play a role in making economic decisions.## Step 2The private sector, which includes producers and consumers, makes some economic choices. This means that they decide what goods and services to produce, how to produce them, and for whom to produce them.## Step 3The government, on the other hand, makes some economic choices as well. This could include regulating certain industries, providing public goods, and ensuring economic stability.## Step 4Therefore, the statement that best describes a mixed market economy is "Producers and consumers make some economic choices while the government makes others". This statement accurately reflects the balance of power and decision-making in a mixed market economy.