A mixed economy is one in which:
A)decisions are based primarily on religion or custom.
B)all resources are publicly owned and economic planning is centralized.
C)all resources are privately owned and prices are used to coordinate economic activity.
D)resources are both publicly and privately owned and some markets are regulated.
E)all resources are publicly owned and prices are used to coordinate economic activity.

Question

Quizplus · Accepted Answer

A mixed economy is a combination of public and private ownership of resources and some form of regulation of one or more markets. This means that decision-making is a combination of market mechanisms and government intervention. Therefore, option D, which states that resources are both publicly and privately owned and some markets are regulated, is the best choice. The other options either describe a planned economy, a market economy, or a traditional economy, none of which capture the idea of a mixed economy.

A Mixed Economy Is One in Which