Compare and contrast mixed economies with market economies. Which system strikes you as better for the average citizen?
What will be an ideal response?
The ideal answer should include:
1. Market economies are economies in which most economic activity is in the private sector, and the government has a limited role in regulatory and redistributive policies. Examples include the US, Australia, or Switzerland.
2. Mixed economies also feature considerable private ownership and control of productive resources. Yet, the free market is regulated in these economies, and there is quite a bit of income redistribution, mainly to the less advantaged individuals in the society. These countries tend to have free higher education, a government-run healthcare system, maternity leave programs, and many others. Examples include France, Sweden, Denmark, or Norway.
3. Which system is better? Answers are subjective and will vary. For example, it could be argued that mixed economies are better for the average citizen as market economies tend to have very high income inequality and, sometimes, high levels of poverty.
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Most of the money for congressional candidates comes from
A. PACs. B. major corporations. C. small businesses. D. super PACs. E. individuals.
Which of the following is not a reason for why many incumbents lose reelection?
a. redistricting b. scandals c. partisanship d. presidential coattails e. mid-term elections