Which of the following statements describe(s) most modern mixed economies? i. They use traditional methods to produce goods. ii. They have a level of government control. iii. They have a level of privatization.

Most modern mixed economies combine private ownership and market activity with government involvement. So they have both a level of government control (statement ii) and a level of privatization (statement iii). Using traditional methods to produce goods is not a defining feature of most modern mixed economies, so the best answer is “ii. and iii. only.”

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