A mixed economy is one in which
A. a mixture of businesses operates and functions.
B. there is a mixture of public influence over government.
C. government plays a dominant role, and private markets are minimized in importance.
D. government plays a role in the operation of private markets.
Answer: D
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Which one of the following is the largest component of the money supply (M1) in the United States?
a. Checkable deposits. b. Gold certificates. c. Credit cards and traveler's checks. d. Federal Reserve notes.
A monopolistically competitive firm: a. tries to differentiate its product from the products of competitors
b. faces a perfectly elastic demand curve for its product. c. unlike a perfectly competitive firm, is able to earn positive economic profits in the long run. d. is always a retail establishment.
Macroeconomic policies are government policies designed to affect:
A. particular sectors of the economy. B. the economic activity of the government. C. the environmental impact of all industries. D. the performance of the economy as a whole.
Banks are required to disclose certain information. This disclosure is done for all of the following reasons except:
A. to allow financial market participants to penalize banks that carry additional risk. B. create uniform prices for standard bank services. C. to enable regulators to more easily assess the financial condition of banks. D. to allow customers to more easily compare prices for services offered by banks.