This chapter is discussing one possible classification of economic systems. Do you agree with this classification? What you think is the Mixed Economy? What are some countries that have a Mixed Economy? Is the U.S. economy a Market or a Mixed economy?

 

Extra Credit Paper on Chapter 2

Please read Chapter 2: “The Market System and the Circular Flow”.

This chapter is discussing one possible classification of economic systems.

Do you agree with this classification?

What you think is the Mixed Economy?

What are some countries that have a Mixed Economy?

Is the U.S. economy a Market or a Mixed economy?

Please explain your point of view.

Length: 1-1.5 pages.

Text Book: Campbell R. McConnell, Stanley L. Brue, and Sean Flynn, Microeconomics, 21th edition, McGraw Hill Book Co., 2018.