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.
In a mixed market economy, both private individuals and the government share the responsibility of making economic decisions. This means that while consumers and producers have the freedom to make choices regarding the production and consumption of goods and services, the government also plays a role in regulating and guiding the economy to achieve specific outcomes, such as addressing market failures or ensuring fair competition. This blend aims to combine the benefits of both capitalism and government intervention.