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Which of the following statements describe(s) most modem mixed economies?
They use traditional methods to produce goods
it. They have a level of government control
dit. They have a level of privatization
AL only
Bit only
Cand ill only
D it and ill only
Please select the best answer from the choices provided
A
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S
Act

Explanation:

mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims. According to neoclassical theory, mixed economies are less efficient than pure free markets, but proponents of government interventions argue that the base conditions required for efficiency in free markets, such as equal information and rational market participants, cannot be achieved in practical application.

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