A mixed economy is best described by the statement:
A) In a mixed economy, society answers the "what," "how," and "for whom" questions through a market system.
B) In a mixed economy, government policies determine the "what," "how," and "for whom" question.
C) In a mixed economy, the government and the private sectors interact in solving the basic economic question.
D) In a mixed economy, the invisible hand solves the basic economic questions.

Question

Quizplus · Accepted Answer

In a mixed economy, both the government and the private sector play significant roles in making economic decisions and solving the basic economic questions of "what," "how," and "for whom" to produce. This system combines elements of both market and planned economies.

A Mixed Economy Is Best Described by the Statement