Determine the best answer for each of the following questions. 1. An organized way for a country to decide how to use its productive resources is called a(n) a. economic system b. political system c. political-economy system d. political economy 2. Jax lives in a country where only individual buying decisions in the mar- ketplace determine what how, and for whom goods and services will be produced. Jax lives in a country that has primarily a a. market economy b. command economy c. socialist economy d. none of the above THINK CRITICALLY Answer the following questions as completely as possible. 3. Describe why most countries can be seen as having a mixed economy. 4. Describe the goals of privatizing government services.

Question

Determine the best answer for each of the following questions. 1. An organized way for a country to decide how to use its productive resources is called a(n) a. economic system b. political system c. political-economy system d. political economy 2. Jax lives in a country where only individual buying decisions in the mar- ketplace determine what how, and for whom goods and services will be produced. Jax lives in a country that has primarily a a. market economy b. command economy c. socialist economy d. none of the above THINK CRITICALLY Answer the following questions as completely as possible. 3. Describe why most countries can be seen as having a mixed economy. 4. Describe the goals of privatizing government services.

Answer 1

1. a. economic system2. a. market economy3. Most countries can be seen as having a mixed economy because they have a blend of both market and command economies, with both private and public sectors playing significant roles.4. The goals of privatizing government services include reducing government expenditure, improving service quality, and increasing competition.

Answer 2

## Step1The first question is asking for the term that describes an organized way for a country to decide how to use its productive resources. The options provided are economic system, political system, political-economy system, and political economy. The correct answer is 'economic system' because it is the term that best describes the organized way a country decides how to use its productive resources.## Step2The second question is asking for the type of economy that Jax lives in, where individual buying decisions in the marketplace determine what, how, and for whom goods and services will be produced. The options provided are market economy, command economy, socialist economy, and none of the above. The correct answer is 'arket economy' because it is the type of economy where individual buying decisions in the marketplace determine what, how, and for whom goods and services will be produced.## Step3The third question is asking for a description of why most countries can be seen as having a mixed economy. A mixed economy is one where both the private sector and the state direct the economy, meaning both market forces and government decisions determine the production and distribution of goods and services. Most countries can be seen as having a mixed economy because they have a blend of both market and command economies, with both private and public sectors playing significant roles.## Step4The fourth question is asking for a description of the goals of privatizing government services. The goals of privatizing government services include reducing government expenditure, improving service quality, and increasing competition. By privatizing government services, the government can reduce its expenditure, improve the quality of services, and increase competition, which can lead to better service delivery.

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