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AssignmentMultiple Choice

Comparing Economic Systems

Question 1 • FL-2100310-United States History A

Which of the following is an example of the benefits provided by mixed market systems?

Answer
A
Businesses and production goals aren’t able to shift rapidly based on market needs.
B
A mixture of private and government control allows for economic freedom and social benefits.
C
Economic goals are identified and planned for far in advance.
D
Prices are preset and determined by the value of the product or service.

Explanation

Mixed market systems combine private business activity with government involvement. This can give people and businesses economic freedom while also allowing the government to provide social benefits and address public needs. Choice B describes this balance; the other choices describe limits associated with more heavily planned systems.

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