A mixed economy is one in which: a. resources are both publicly and privately owned and some markets are regulated. b. decisions are based primarily on religion or custom. c. all resources are privately owned and prices are used to coordinate economic activity. d. all resources are publicly owned and prices are used to coordinate economic activity. e. all resources are publicly owned and economic planning is centralized.

Question

Business

Shayla Dudley

7 May, 00:37

A mixed economy is one in which: a. resources are both publicly and privately owned and some markets are regulated. b. decisions are based primarily on religion or custom. c. all resources are privately owned and prices are used to coordinate economic activity. d. all resources are publicly owned and prices are used to coordinate economic activity. e. all resources are publicly owned and economic planning is centralized.

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Answers (1)

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Rylee Hobbs · Answer 1

The correct answer is letter "A": resources are both publicly and privately owned and some markets are regulated.

Explanation:

Many of today democracies operate under what is known as mixed economic structures that incorporate capitalistic and socialist aspects. A mixed economy is designed to drive economic activity through the ventures of the capitalists while money is collected through taxation to maintain the infrastructure of a nation and provide public services.