8
QuizMultiple Choice

Economic Systems and Daily Life — Quiz

Question 8 • Economics

In a mixed market economy, a fire breaks out in a sneaker factory. The repair work most likely will be paid by

Answer
A
the government group that runs the factory.
B
the state agency that operates the factory.
C
the private citizen who owns the factory.
D
the city official who manages the factory.

Explanation

In a mixed market economy, private businesses and individuals own many factories, while the government also provides some goods and services. If a private citizen owns the sneaker factory, that owner is responsible for paying for repairs after the fire. The correct choice is the private citizen who owns the factory.

AI-written and checked against the verified answer.

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