What is the role of government in a mixed economy? Select all that apply(1 point)

Question

Responses

Government's completely eliminate private property and free markets.
Government's completely eliminate private property and free markets.

Government's own and operate all businesses and industries.
Government's own and operate all businesses and industries.

Government's have no involvement in the economy, leaving all decisions to the private sector.
Government's have no involvement in the economy, leaving all decisions to the private sector.

Governments use regulations and laws to protect consumers and workers.
Governments use regulations and laws to protect consumers and workers.

Government's balance the rights of individuals with the needs of society.
Government's balance the rights of individuals with the needs of society.

Government's tax and regulate some aspects of the economy and use those taxes to provide Public Services.
Government's tax and regulate some aspects of the economy and use those taxes to provide Public Services.

Government's enforce a strict command economy with no private enterprise.

help

Answer 1

In a mixed economy, the government typically has a role that involves balancing free market activities with regulation and social welfare. The correct responses regarding the role of government in a mixed economy are:

• Governments use regulations and laws to protect consumers and workers.
• Government's balance the rights of individuals with the needs of society.
• Government's tax and regulate some aspects of the economy and use those taxes to provide Public Services.

The other options do not accurately describe the role of government in a mixed economy. In a mixed economy, the government does not completely eliminate private property and free markets, nor does it own and operate all businesses and industries. Additionally, the government has some involvement in the economy, rather than leaving all decisions to the private sector. Lastly, a mixed economy does not enforce a strict command economy.