Question 1

What is a mixed economy?

Accepted Answer

A mixture of economic freedom and economic equality

Answer

An economy with only economic equality

Answer

An economy with no regulations

Answer

An economy with only economic freedom

Question 2

Which countries use a mixed economy?

Accepted Answer

Canada, Iceland, Sweden, France, United Kingdom

Answer

Brazil, India, South Africa, Mexico

Answer

Germany, Italy, Spain, Australia

Answer

United States, Russia, China, Japan

Question 3

What are the pros of a mixed economy?

Accepted Answer

Economic stability, balance of freedom and equality, social safety net

Answer

Economic growth, government control, dependency on welfare

Answer

Low taxes, no government control, independence

Answer

Inequality, lack of services, economic instability

Question 4

What is progressive taxation?

Accepted Answer

Income redistribution where higher earners pay a greater percentage of taxes

Answer

Only the rich pay taxes

Answer

Tax breaks for lower income individuals

Answer

Everyone pays the same amount of taxes

Question 5

What are elements of Canada's mixed economy?

Accepted Answer

Free market elements, government planning, income redistribution

Answer

Private enterprise only, no regulations, no welfare programs

Answer

Consumer demand only, no taxation, public enterprises

Answer

Full government control, no social programs, flat taxes

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