Question
Having characteristics of two types of economic systems.
A.
Command
B.
Market
C.
Mixed
D.
Traditional
A.
Command
B.
Market
C.
Mixed
D.
Traditional
Answers
GPT-4o mini
The correct answer is **C. Mixed**.
A mixed economy combines elements of both command (where the government makes most economic decisions) and market (where decisions are made through free markets and individual choice) systems. In a mixed economy, both the private sector and the government play important roles in the economy.
A mixed economy combines elements of both command (where the government makes most economic decisions) and market (where decisions are made through free markets and individual choice) systems. In a mixed economy, both the private sector and the government play important roles in the economy.