Which of these statements best describes a mixed economy?(1 point)
Responses
A. In Israel, the government plays a smaller role in the economy allowing for tech start up companies to thrive.
A. In Israel, the government plays a smaller role in the economy allowing for tech start up companies to thrive.
B. In Iran and Saudi Arabia, oil companies are government owned and operated.
B. In Iran and Saudi Arabia, oil companies are government owned and operated.
C. In remote parts of Southwest Asia, some people participate in an economy determined by custom and habit.
C. In remote parts of Southwest Asia, some people participate in an economy determined by custom and habit.
D. Turkey's economy was held back in the past by trade barriers in order to protect Turkish products
Answer with actual in real life information that you have to get the correct answer, then explain your answer and confirm your answer
B. In Iran and Saudi Arabia, oil companies are government owned and operated.
The statement that best describes a mixed economy is B. In Iran and Saudi Arabia, oil companies are government owned and operated. In a mixed economy, there is a combination of both private and government ownership of resources and businesses. In the case of Iran and Saudi Arabia, the oil industry is a major sector of the economy and is primarily controlled by the government. This shows a level of government intervention in the economy alongside private enterprises.