what is a Mixed Economy

What is a mixed economy?

• An economy where the government has no involvement in economic activities

• An economy where only businesses have control over economic activities

• An economy where the government and individual consumers are involved in economic activities

• An economy where the government has complete control over all economic activities

What is the goal of a mixed economy?

• To give complete power to the government to regulate economic activities

• To ensure that people have the support they need to succeed in society

• To create a large divide between the rich and the poor

• To stifle innovation and growth

Which economic questions are answered by all parties in a mixed economy?

• Only the government has a say in answering economic questions

• Only the consumers have a say in answering economic questions

• Only the businesses have a say in answering economic questions

• The government, consumers, and businesses all have a part in answering economic questions

What is an advantage of a mixed economy?

• It stifles innovation and growth

• It restricts consumers from buying what they want

• It gives complete control to businesses

• It allows consumers to buy what they want and gives power to the government to regulate

What is a disadvantage of a mixed economy?

• It gives complete control to businesses

• It stifles innovation and growth

• It restricts consumers from buying what they want

• It allows consumers to buy what they want and gives power to the government to regulate

Which country uses a mixed economic system, but leans towards the free market system?

• China

• Russia

• United States

• Cuba

What is the most popular economic system in the developed world today?

• Command economy

• Market economy

• Traditional economy

• Mixed economy

What is the main characteristic of a mixed economy?

• Complete consumer control

• Complete government control

• Complete business control

• Combination of government, consumer, and business involvement