Question

Which of the following is an advantage of a mixed economy?

A. Mixed economies offer many social benefits at a very high tax rate.
B. Mixed economies always offer a wide variety of goods and services that are higher quality than market
economic systems.
C. Mixed economies that are more socialist are more efficient than market economies.
D. Mixed economies tend to grow faster than command economies and the government can create safety net
programs like Social Security.

Answer 1

Mixed economies combine market and command elements, leading to faster growth than command economies and the creation of safety net programs like Social Security.

Step-by-step explanation:

One of the advantages of a mixed economy is that it can grow faster than command economies. In mixed economies, the government has the ability to create safety net programs such as Social Security, which can provide additional security and welfare to its citizens.

These economies have the flexibility to combine elements of both market and command systems, allowing for a balance between economic freedom and governmental intervention. Moreover, the private property rights inherent in market systems of a mixed economy create incentives for efficiency and productivity that can spur growth.