Question

Australia has a mixed economy, meaning it combines elements of market and command systems.
Which of the following BEST shows how this works in real life?(1 point)
Responses

Citizens vote for leaders who make all economic decisions
Citizens vote for leaders who make all economic decisions

The government tells every business exactly how much to produce
The government tells every business exactly how much to produce

Supply and demand have no effect on prices.
Supply and demand have no effect on prices.

Businesses can decide what to produce, but the government sets rules for safety and fairness.

Answer 1

Businesses can decide what to produce, but the government sets rules for safety and fairness.

This shows the market element (firms choose production) plus the government role (regulation), which is what a mixed economy is.