In a _____ Economy,the Government Controls Selected Major Industries,such as Transportation

question 122

Multiple Choice

In a _____ economy,the government controls selected major industries,such as transportation and health care,while allowing individual ownership of other industries.

• A)free market
• B)centrally planned
• C)fiscally sound
• D)mixed market

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Definitions:

Expert Systems

Computer systems that emulate the decision-making ability of a human expert in specific domains.

Pluralistic Politics

A political system that recognizes and accommodates diversity, allowing multiple groups or parties to coexist and influence decision-making.

Rationality

The quality of being based on or in accordance with reason or logic; often involves choosing the most efficient means to achieve a specific end.

Classical Industrial Society

Refers to a stage in societal development characterized by the growth of factories, mechanization, and mass production, typically associated with the 18th and 19th centuries.