Question

On the Mixed Market Continuum, what are some ways the Canadian government answers the questions of what to produce, how to produce, and for whom to produce? Choose all that apply.
Responses

A most buying decisionsmost buying decisions

B regulations on businessesregulations on businesses

C quotas on milk productionquotas on milk production

D setting most market pricessetting most market prices

E licensing for television stationslicensing

Answer 1

In the context of the Mixed Market Continuum, the Canadian government employs a variety of strategies to address the fundamental economic questions of what to produce, how to produce, and for whom to produce. The following responses are applicable:

B. regulations on businesses
C. quotas on milk production
E. licensing for television stations

These actions reflect the government's role in regulating and guiding economic activities while still allowing for market mechanisms to play a part.

- **Regulations on businesses** help ensure standards are met and can influence what is produced and how (e.g., environmental regulations).
- **Quotas on milk production** are examples of directly influencing what is produced in certain sectors to manage supply and stabilize prices.
- **Licensing for television stations** helps control content and the kind of media that is produced, addressing both the production and availability of services.

Responses A and D do not typically represent direct actions taken by the government to answer those fundamental economic questions, as they pertain more to market-driven decisions rather than government intervention.