Question 41
Economic SystemsA major characteristic of a mixed economy is that
- A.economic decisions are made by both the rich and the poor
- B.both primary and secondary production are undertaken
- C.the federal and the state governments undertake joint projects
- D.economic activities are undertaken by both the public and private sectors
Show the answer and explanation
Answer: D (economic activities are undertaken by both the public and private sectors)
Explanation
In a mixed economy both government (public sector) and private individuals and firms own resources and carry out economic activities.