In a mixed-market economy, what are consumers typically allowed to do?

• A. Choose among a variety of goods and services offered by both private and public sectors
• B. Set government policies regarding production and pricing
• C. Purchase only goods and services provided by the government
• D. Own all means of production without any government intervention

Answer: (A)

Verified step by step guidance

1. Understand the concept of a mixed-market economy, which combines elements of both private and public sector involvement in economic activities.
2. Recognize that in a mixed-market economy, consumers have the freedom to make choices about what to buy, reflecting the presence of multiple providers including private businesses and government entities.
3. Identify that consumers do not set government policies; this is typically the role of policymakers and government officials.
4. Note that consumers are not restricted to purchasing only government-provided goods and services; they can choose from a variety of options offered by both sectors.
5. Understand that ownership of all means of production without government intervention describes a pure market economy, not a mixed-market economy.