What role do government agencies play in?
Answer Expert Verified. The role of the government is to regulate the aspects of distribution and production. The dea here is that the government is responsible for using laws to control or break up business monopolies in mixed economies. This protects the producers and consumers in the market.
What role do government agencies play in mixed market economy?
What role do government agencies play in a mixed market economy? They regulate some aspects of production and distribution. What might happen if an economy is unable to produce wanted goods and services? People will look elsewhere for them.
What are some benefits to private ownership?
Private ownership allows a person to own goods that may increase in value. Private ownership can make it possible for a business to earn money. Private ownership might help a person move to another economic class. Private ownership allows a person to own goods that may increase in value.
What might happen if an economy is unable to produce wanted goods and services people will go without them?
Answer. If an economy is unable to produce wanted goods and services, then the people will look elsewhere for them. If a demand is not fulfilled by the current economy, the customers will go where their demand is fulfilled.
What are the pros of mixed market economy for most citizens?
What are the pros of a mixed market economy for most citizens? There is a great deal of independence and personal choice. The government cannot dictate which jobs citizens hold. There may be greater opportunity to become wealthy.
Which of the following would be considered a nonrenewable source?
Nonrenewable energy resources include coal, natural gas, oil, and nuclear energy. Once these resources are used up, they cannot be replaced, which is a major problem for humanity as we are currently dependent on them to supply most of our energy needs.
What are the cons of a mixed market economy?
One disadvantage of mixed economies is that they tend to lean more toward government control and less toward individual freedoms. Sometimes, government regulation requirements may cost a company so much that it puts it out of business. In addition, unsuccessful regulations may paralyze features of production.
Which situation best reflects the concepts of free enterprise?
Free enterprise is when people enjoy many economic freedoms. Having this in mind, the situation that best reflects the concept of free enterprise is the first choice – consumers have a choice between two bakeries in a single city block.
How does a counterclaim help support a position in an argumentative essay?
How does a counterclaim help support a writer’s position in an argumentative essay? The counterclaim shows how the position is misleading. The counterclaim shows how the opposing opinion is incorrect. The counterclaim allows readers to state their own positions.
How can the government reduce the wealth gap in a mixed market economy?
How can the government reduce the wealth gap in a mixed market economy? The government can tax members of the wealthy class at a lower rate to address differences in income. The government can improve education to provide new opportunities for workers in the lower class.
Does a depression always follow a recession?
Does a depression always follow a recession? No, a depression is indicated when the recession is exceptionally long.
Which quality best describes a producer with an absolute advantage?
This four qualities which are, efficient, fast, accurate, prolific are referring to one best quality which is for being very productive. Speaking of producer meaning is to produce plenty and it is 100% efficient, and it is an absolute advantage.
What are the signs of low inflation check all that apply?
Low inflation indicates that prices in general are still rising, but at a slower rate, the result is: Demand steadily rises. Demand steadily rises. Prices continue to increase. The economy grows in a healthy way.
What is a pure market economy sometimes called?
A pure market economy is sometimes called pure. capitalism.
Which statement best describes a pure market economy?
Which statement best describes a pure market economy? Producer intervention in economic choices is strictly forbidden. The government determines economic choices and makes most decisions. The decisions made by producers and consumers drive all economic choices.