Question

multiple select question
select all that apply
select all of the statements about resource allocation in mixed economies that are true.

□ no resources are allocated by the free market.
□ some resources are allocated by the government.
□ some resources are allocated by the free market.
□ most resources are allocated by the government.

Explanation:

1. A mixed economy combines elements of market and government allocation. So "No resources are allocated by the free market" is false (mixed economies have market allocation).
2. "Some resources are allocated by the government" is true as mixed economies involve government intervention in resource allocation.
3. "Some resources are allocated by the free market" is true because mixed economies also rely on market forces for some allocations.
4. "Most resources are allocated by the government" is false; mixed economies don't have most resources allocated by government (that's more like a command economy).

Answer:

B. Some resources are allocated by the government, C. Some resources are allocated by the free market