Question

Which statement best describes a mixed market economy?

Answer 1

Producers and consumers make some economic choices while the government makes others. This best describe a mixed market economy.

Answer 2

Answer choices are:

1. Consumer intervention in economic choices is strictly forbidden.
2. The government determines economic choices and makes most decisions.
3. The decisions made by producers and consumers drive all economic choices.
4. Producers and consumers make some economic choices while the government makes others.

Correct answer choice is:

4. Producers and consumers make some economic choices while the government makes others.

Explanation:

An economic policy in which both the individual business and a level of republic monopoly (normally in federal co-operation, security, support, and primary manufacturers) accompany. Every advanced economy is mixed where the medians of generation are distributed among the individual and governmental divisions. Also named a dual economy.

Example:

A mixed economy comprises of both individual and state/state-owned existences that distribute authority of maintaining, manufacturing, trading and swapping good in the country. Two models of mixed economies are the U.S. and France.