A mixed system is an economic system in which
A)scarcity is controlled by rationing.
B)production is controlled by the government but consumers can buy whatever goods they wish.
C)decisions about resource use are made partly by the private sector and partly by the public sector.
D)the government owns all the capital but individuals own their own labour services.

Question

Quizplus · Accepted Answer

In a mixed economic system, both private businesses and the government play a role in determining economic outcomes. The private sector is allowed to operate and make profits, but there can be government intervention in areas such as taxation, regulation, and public services. Therefore, decisions about resource use are made partly by the private sector and partly by the public sector. Scarcity is still present, but it is not controlled solely through rationing or government ownership of resources.

A Mixed System Is an Economic System in Which