12
QuizMultiple Choice

Unit Test — Unit test

Question 12 • * HSA 26-27 Economics

The most common economic system in the world is a

Answer
A
closed economy.
B
command economy.
C
mixed market economy.
D
traditional economy.

Explanation

Most countries today combine private ownership and market choices with government rules and services. This combination is called a mixed market economy, making choice C correct. A command economy relies much more heavily on government direction, while traditional economies organize production around customs.

AI-written and checked against the verified answer.

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