Question

When the government allows free enterprise but places some restrictions on the economy it is called a________.

a. command economy
c. wide open economy
b. free market economy
d. mixed economy

Answer 1

If it would allow free enterprize without any restrictions, it would be a free market economy.
If the restrictions were all-encompassing, it would be a command economy. If it has aspects of both these systems then it's a mixed economy -answer d)