Question

which of the following would reflect israel’s mixed economy?
a.prices and wages are solely regulated by the country’s government.
b.a combination of privately - owned businesses and government regulations.
c.the country’s distribution of resources is based on inheritance.
d.economic decisions are based on customs and beliefs of ancestors.

Explanation:

A mixed economy combines elements of a market economy (private - owned businesses) and a command economy (government regulations). Option A is a command - economy characteristic (sole government regulation). Option C is more related to a traditional - economy aspect (inheritance - based resource distribution). Option D is a traditional - economy feature (customs - based economic decisions). Option B correctly describes a mixed economy with the combination of private businesses and government regulations.

Answer:

B. A combination of privately - owned businesses and government regulations.