Question

Mixed economies are combinations of market and command economies and sometimes traditional economies. Which of the following economies are correctly called mixed economies? A. Asian, but not European or American economies
B. European, but not Asian or American economies
C. American, but not European or Asian economies
D. all modern economies.

Answer 1

Answer:

D. all modern economies.

Explanation:

Mixed economy is a system in which the planned production methods operate simultaneously, when the state acts as a player - acting directly in production - but also the model of market production, when there is production conducted by the private initiative.

In a mixed economy, state production is driven by state-owned enterprises in strategic areas such as oil production. Private initiative operates in any area. In this way, we can say that in a mixed economy system people are allowed to open their own businesses, since this is no longer a prerogative of the State. Virtually all capitalist nations are to a greater or lesser extent mixed economies, since in addition to private action, the state operates in some sectors.   This is seen in the American, European and Asian economies.

Answer 2

D. all modern economies.

Asian, European, and American economies all exhibit the characteristics of a mixed economy.