Question

Bernard loves to socialize and is great at debating. His high grades in school meant that he could attend Law School, but he decided he would much rather become an elementary school principal. Which economic systems does Bernard’s country most likely reflect? Select all that apply. market system planned system mixed system none of the above

Answer 1

Planned system and mixed system

Answer 2

Bernard loves to socialize and is great at debating. His high grades in school meant that he could attend Law School, but he decided he would much rather become an elementary school principal. Which economic systems does Bernard’s country most likely reflect?

Mixed system - This system blends market economies with those of a planned economy. There are free markets, state interventionism, or private/public enterprise systems. Since  Bernard is good at one thing but prefers to do another, he has the freedom to chose. This country has an economic system that allows Bernard opportunities that he may not have in a more controlled economy telling him what to do. There is freedom within a mixed system.