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Mixed Economy Flashcards | StudBud
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Mixed Economy
Mixed Economy
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Questions
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Answers
1
Mixed economy balances freedon and regulation.
True
False
2
Do you think a mixed economy is a good system to have?
No
Yes
Unsure
3
Mixed economy systems are lassiez-faire systems.
True
False
4
What is a con of mixed economy?
Higher taxes to pay for wellfare.
Both
Potential for lack of regulation.
5
The United States has a mixed economy.
True
False
6
Critics believe that two concepts don't belong together.
False
True
7
What is a mixed economy?
An economy discovered by Karl Marx.
An economy that mixes money together.
An economy that uses principles of two economic systems.
Least popular economic system.
8
Who coined the term "mixed economy"?
John Maynard Keynes
Pat Mullins
Adam Smith
Milton Friedman