Which statement best describes a mixed market economy? A. Consumer intervention in economic choices is strictly forbidden.
B. The government determines economic choices and makes most decisions.
C. The decisions made by producers and consumers drive all economic choices.
D. Producers and consumers make some economic choices while the government makes others.
The correct answer is:
D. Producers and consumers make some economic choices while the government makes others.
A mixed market economy combines elements of both capitalism and government intervention. In this system, individuals (producers and consumers) have the freedom to make their own economic choices, such as what to produce, buy, or sell, while the government regulates certain aspects of the economy to promote fairness, stability, and public welfare. This balance allows for both creativity and productivity while addressing collective needs and market failures.