Question

question 1 (1 point) ✔️ saved
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mixed economic systems:
a) permit both private and government ownership of property, but not common ownership.
b) are economies where the government owns all of the means of production but permits extensive private ownership of business equipment.
c) are avoided by most countries since they prefer to be either pure capitalist or pure socialist.
d) arise when societies choose to mix elements from both the capitalist system and the socialist system in one country.
question 2 (1 point)

Explanation:

Question 1

• Option A: Mixed economies can have common ownership in some cases (e.g., public goods), so A is incorrect.
• Option B: In a mixed economy, the government doesn't own all means of production (that's a command economy), so B is incorrect.
• Option C: Most countries have mixed economies, not avoiding them, so C is incorrect.
• Option D: Mixed economies combine capitalist (private ownership, market - driven) and socialist (government intervention, public ownership) elements, which matches the definition.

Answer:

D) arise when societies choose to mix elements from both the capitalist system and the socialist system in one country.