🎓 GED Exam Prep

Most modern economies, including that of the United States, are considered 'mixed economies' because they feature?

A Complete government control over all means of production.
B No government intervention and purely free-market principles.
C A combination of free-market elements and government regulation.
D An economy based entirely on traditional customs and practices.

✓ Correct Answer: Option C

A mixed economy combines elements of both market (private ownership, free exchange) and command (government intervention, regulation) systems. The U.S. economy allows private enterprise but also has significant government regulation and public services.

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