Question

When Australia is characterized as a mixed economy, the description refers to a mixture of

A.
primary and secondary economic activity.

B.
manufacturing and service economic sectors.

C.
elements of market and command economies.

D.
parts of developing and developed economies.

Answer 1

C. elements of market and command economies.

A "mixed economy" means the economy combines private enterprise and market forces with government intervention and public-sector involvement (regulation, ownership, welfare programs), not merely a mix of sectors or development stages.