A Mixed Economy Is One in Which ________

question 51

Multiple Choice

A mixed economy is one in which ________.

• A) both resources and means of production are extremely limited and generally confined to agricultural produce
• B) the government or other centralized group determines and controls all resources and means of production
• C) both individuals and government control resources and determine production methods
• D) either individuals or private firms control resources and determine production methods
• E) there is no government intervention whatsoever in industry

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Definitions:

Automatic Slack Adjuster

A component in a vehicle's braking system that automatically adjusts the brakes as they wear to maintain proper function.

Linear Force

Linear force refers to a force acting in a straight line, as opposed to rotational force, affecting the motion of objects in the direction of the force applied.

Mechanical Advantage

Mechanical Advantage is a concept in physics and engineering describing the factor by which a mechanism multiplies the force or torque applied to it, making it easier to perform work.

Brake Free Stroke

The distance or movement a brake lever or pedal undergoes before the brake mechanism engages and begins to apply stopping force.