Question

which of the following statements is true of a mixed economy? a. social programs are nonexistent in a mixed economy. b. the government is in complete control of all goods and services in a mixed economy. c. the economy is completely unplanned and is focused on maximum profitability in a mixed economy. d. the government has a very low degree of control in a mixed economy. e. the government supplies some goods and services in a mixed economy.

Explanation:

To determine the true statement about a mixed economy, we analyze each option:

• Option A: Mixed economies often have social programs (e.g., welfare, healthcare initiatives), so this is false.
• Option B: In a mixed economy, the government does not have complete control (that's a command economy), so this is false.
• Option C: A completely unplanned economy focused on profit is a market economy, not mixed, so this is false.
• Option D: A mixed economy has a moderate degree of government control (not very low), so this is false.
• Option E: A mixed economy combines market and government involvement, so the government does supply some goods/services (e.g., public infrastructure, education), making this true.

Answer:

E. The government supplies some goods and services in a mixed economy.