Mixed Economy

Which choice best explains a mixed economy?

• Government has all the control

• Combination of Market and Command Economy

• People trade

Which economy is typically the best to live in?

• traditional

• command

• market

• mixed

A mixed economy combines the best parts of which other economies? ^{This question has two correct answers.}

• Market and Command

• Traditional and Market

• Command and Traditional

• Socialism and Capitalism

This characteristic of a mixed economy states that the vast majority of labor, resources, and capital goods are owned by individuals rather than by the government.

• Private Property

• Freedom of enterprise and choice

• Motive of Self-Interest

• Competition

What is a mixed economy?

• An economy with no government intervention

• An economy with only government control

• An economy that combines private and public enterprise

• An economy based solely on traditional practices

Which of the following is a characteristic of a mixed economy?

• Complete government control

• No private ownership

• Combination of free market and government planning

• Only traditional methods of production

In a mixed economy, who typically owns the resources?

• Only the government

• Only private individuals

• Both private individuals and the government

• Neither, resources are communally owned

Which sector is most prominent in a mixed economy?

• Public sector

• Private sector

• Both public and private sectors

• Informal sector

What role does the government play in a mixed economy?

• No role at all

• Complete control over all economic activities

• Regulates and supports private enterprise

• Only provides public goods

Which of the following is an advantage of a mixed economy?

• No government intervention

• Complete economic equality

• Balance between economic freedom and government control

• Only traditional economic practices