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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 forces while adding limited government intervention to fix capitalism's flaws (e.g., poor worker conditions).
- The second option is wrong: mixed economies don't mandate worker company ownership, and government interference is limited, not continued.
- The third option is wrong: government control of production means is socialism, not a mixed economy.
- The fourth option is wrong: "minimal regulation" does not fit, as mixed economies use targeted regulation, not just minimal rules, to address issues.
- The first option is correct: it keeps laissez-faire (market-based) principles while using government laws to address worker safety, a key capitalist shortcoming.
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A. Laissez-faire principles remained, but government passed laws promoting worker safety.