Question

In a __________ economy, most businesses are privately owned, but the government regulates utilities, builds roads and bridges, and provides public services, such as bus transportation.
A.
market
B.
planned
C.
mixed
D.
traditional

Please select the best answer from the choices provided.

A
B
C
D

Answer 1

C — mixed

Most businesses are privately owned but the government still regulates key industries and provides public goods and services, which characterizes a mixed economy.