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Question
what are the pros of a mixed market economy for most citizens? select three answers. the government provides most basic necessities for citizens. there is a great deal of independence and personal choice. there may be less of a gap between rich and poor people. the government cannot dictate which jobs citizens hold. there may be greater opportunity to become wealthy. the economic system works to promote equality.
- In a mixed market economy, individuals have a lot of independence and personal choice in economic activities (e.g., what to buy, produce, or work on), so "There is a great deal of independence and personal choice" is a pro.
- The government does not have the power to dictate citizens' jobs; people can choose their occupations based on market and personal preferences, so "The government cannot dictate which jobs citizens hold" is a pro.
- The market - driven aspect of a mixed economy allows for greater opportunities to accumulate wealth through entrepreneurship, investment, etc., so "There may be greater opportunity to become wealthy" is a pro.
Options like "The government provides most basic necessities" is more characteristic of a command or socialist - leaning system. "Less of a gap between rich and poor" and "promote equality" are more associated with socialist or welfare - heavy systems, and mixed economies still have some income inequality, though the government may intervene to reduce it to some extent, but these are not the main pros for most citizens compared to the selected ones.
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B. There is a great deal of independence and personal choice.
D. The government cannot dictate which jobs citizens hold.
E. There may be greater opportunity to become wealthy.