Question

A mixed economy is one in which: a. ​resources are both publicly and privately owned and some markets are regulated. b. ​decisions are based primarily on religion or custom. c. ​all resources are privately owned and prices are used to coordinate economic activity. d. ​all resources are publicly owned and prices are used to coordinate economic activity. e. ​all resources are publicly owned and economic planning is centralized.

Answer 1

Answer:

The correct answer is letter "A": resources are both publicly and privately owned and some markets are regulated.

Explanation:

Many of today democracies operate under what is known as mixed economic structures that incorporate capitalistic and socialist aspects. A mixed economy is designed to drive economic activity through the ventures of the capitalists while money is collected through taxation to maintain the infrastructure of a nation and provide public services.