Question

What is the main difference between a free market economy and a mixed economy?

(1 point)
• the focus on bartering and agriculture in a mixed economy
O the greater availability of public goods in a mixed economy
• the greater externalities in a free market economy
• the stronger governmental control of the free market economy

Answer 1

[AI-generated answer — Bot GPT 3.5]

The main difference between a free market economy and a mixed economy is the level of governmental control. In a free market economy, there is minimal governmental interference or control over economic activities. On the other hand, in a mixed economy, the government plays a significant role in regulating and controlling various aspects of the economy, such as setting regulations, imposing taxes, providing public goods and services, and implementing social welfare programs.