Answered

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An economy in which the market and the government both play an important role in determining the production and consumption of goods is called a

A. traditional economy.
B. command economy.
C. mixed economy.
D. subsistence economy.

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Final answer:

Mixed economies incorporate market and government roles in economic decisions.


Explanation:

In a mixed economy, market and government both play significant roles in determining production and consumption of goods. Market economies involve private decision-making, while command economies feature government control over economic decisions. Most real-world economies combine elements of both systems, such as the U.S. with a market-oriented approach.


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