In a mixed market economy property owned by the government? a) can be used by many citizens. b) can cause economic inequality. c) can promote personal wealth. d) can be used for private business.

A) Can be used by many citizens

Explanation:

A mixed market economy is one that consists of elements from a free market/capitalist economy as well as a communist/command economy. This mixed market economy is what many countries use currently, including the US.

A mixed market economy allows for government to own private property along with citizens. When the government owns property, they can develop it for the use of citizens. This can include recreation centers (parks), museums, national historic landmarks, etc.

The property owned by the government can be used by many citizens, in a mixed market economy.

Further explanation:

Mixed market economy: A mixed market economy is an economy that has the features of both centralized command and control and the price system. It is an economy in which private ownership is allowed and the government can intervene to prevent the economy from the market failure. In a mixed market economy, the government develops property like museums, historic monuments for the use of citizens.  

Justification for correct and incorrect option:

A) can be used by many citizens: This option is correct.

In a mixed market economy, the government develops various properties like museums, historic monuments, parks for the use of the citizens. These properties are owned by the government but are used by many citizens.  

B) can cause economic inequality: This option is incorrect.

The property owned by the government in a mixed market economy is not allowed for the usage by some private businesses for their own benefit. Thus, this government-owned property does not cause economic inequality in a mixed market economy.

C) can help promote personal wealth: This option is incorrect.

In a mixed market economy, the government-owned property cannot help in boosting some personal wealth. The individuals are not allowed to own and use the government-owned property and thus, it cannot help in promoting personal wealth.

D) can be used for private business: This option is incorrect.

All citizens are allowed to use the property owned by the government in a mixed market economy. These government-owned properties are not allowed to be used by some individuals for their private business.  

Learn more:

Answer details:

Grade: Middle School

Subject: Economics

Chapter: Type of economies

Keywords: in a mixed market economy, property owned by the government, can be used, by many citizens, can cause economic inequality, can help, promote personal wealth, can be used for private business, government intervention in a mixed market economy, private ownership, usage by citizens.

#2 the answer is d

#3 the answer is a

#4 the answer is b