CIPS Exam A6 Topic 1 Question 54 Discussion

Actual exam question for CIPS's A6 exam

Question #: 54
Topic #: 1

[All A6 Questions]

Which of the following provides the best definition of a 'mixed economy'?

AAn economy in which resource allocation and production levels are made by a centralized body

BAn economy in which firms attempt to make the largest profit and individuals try to get the best deals

CAn economy that earns a mix of revenue from both domestic and international trade

DAn economy in which there is some state intervention in the way of economic policy to manage the economy.

Show Suggested Answer

Suggested Answer: A

by Audry at Jun 24, 2024, 10:02 AM

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Lashaun

4 months ago

Well, if I had a mixed economy, I'd want to get the best deals too! But in all seriousness, D is the most comprehensive definition here.

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4 months ago

B seems more like a pure capitalist economy to me. A mixed economy has both private and public sectors, so I'd go with D.

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Gilma

4 months ago

D is the best choice for a mixed economy, it involves state intervention.

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Salome

4 months ago

I'm not sure, but D sounds like it includes a mix of private and public sectors.

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Rochell

4 months ago

I think D as well, it involves some government intervention.

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Leonor

4 months ago

I agree, D is the correct option for a mixed economy.

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Shanda

4 months ago

I think option D is the best definition. The government plays a role in managing the economy, which is the essence of a mixed economy.

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Michal

4 months ago

Yes, option D highlights the key aspect of state intervention in managing the economy.

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Talia

4 months ago

I agree, option D is the correct definition of a mixed economy.

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