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What is a defining characteristic of a mixed economy?
What is a defining characteristic of a mixed economy?
- Acceptance of both private businesses and nationalized government services (correct)
- Exclusivity of private businesses without any government involvement
- Strict government control over all businesses
- Complete privatization of government services
How can a mixed economy be defined?
How can a mixed economy be defined?
- Adopting principles of a planned economy without any market elements
- Exclusively following principles of a market economy
- Completely following principles of socialism
- Blending elements of a market economy with elements of a planned economy (correct)
How does a mixed economy differ from a laissez faire capitalist economy?
How does a mixed economy differ from a laissez faire capitalist economy?
- It accepts some form of regulation to protect the public and the environment (correct)
- It promotes complete deregulation of the economy
- It nationalizes all businesses
- It completely abolishes government services and regulations
What is one way to define a mixed economy?
What is one way to define a mixed economy?
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What is common to all mixed economies?
What is common to all mixed economies?
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