Which of the following statements is false with regard to a mixed economy?
A) Regulations concerning minimum wage standards, social security, environmental protection and the advancement of civil rights may raise the standard of living
B) Ownership of organizations seen as imperative to the nation may be transferred to the state to subsidize costs and allow the firm to flourish
C) Regulations concerning minimum wage standards, social security, environmental protection and the advancement of civil rights ensure that those who are elderly, sick or have limited skills are taken care of
D) Businesses in this model are owned by the state to ensure that investments and practices are done in the best interest of the nation despite the often opposing outcomes
Correct Answer:
Verified
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