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 in real information to get the correct answer
B. In Iran and Saudi Arabia, oil companies are government owned and operated.
This statement best describes a mixed economy because it involves a combination of government-owned industries (oil companies) and private businesses operating in the economy. In a mixed economy, there is a blend of privately-owned businesses and government involvement in certain key industries.