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Question
which best explains how a mixed economy addressed problems that arose from capitalism? laissez - faire principles remained, but government passed laws promoting worker safety. government interference continued, and new laws allowed workers to own companies. supply and demand remained, and government took control of the means of production. government regulation was minimal, but new laws protected workers and their standard of living.
A mixed economy retains core capitalist elements like market principles while adding government oversight to fix capitalism's flaws, such as poor worker conditions.
- The second option is wrong because mixed economies don't force worker company ownership, and "continued interference" misrepresents the shift from unregulated capitalism.
- The third option is wrong because government control of production is socialist, not mixed economy.
- The fourth option is wrong because minimal regulation is still unregulated capitalism, not a mixed economy.
- The first option correctly notes that laissez-faire (market) principles stay, with government adding worker safety laws to address capitalism's failures.
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A. Laissez-faire principles remained, but government passed laws promoting worker safety.