One sign of transition to a mixed-market economy is the establishment of:

• A. private property rights
• B. centralized price controls
• C. barter systems replacing currency
• D. complete government ownership of resources

Answer: (A)

Verified step by step guidance

1. Step 1: Understand the concept of a mixed-market economy, which combines elements of both market economies and command economies, allowing for both private and government involvement in economic decisions.
2. Step 2: Recognize that private property rights are fundamental to market economies because they allow individuals and businesses to own and control resources and make economic decisions based on self-interest.
3. Step 3: Analyze the options given: centralized price controls and complete government ownership of resources are characteristics of command economies, not mixed-market economies.
4. Step 4: Note that barter systems replacing currency are typically associated with less developed or transitional economies, not specifically with mixed-market economies.
5. Step 5: Conclude that the establishment of private property rights is a key indicator of a transition toward a mixed-market economy because it enables market mechanisms to function alongside government regulation.