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

Question

Responses

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

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

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

Answer 1

In a mixed economy, the role of government includes the following:

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

The other statements regarding government having no involvement, eliminating private property, owning all businesses, or enforcing a strict command economy do not accurately describe the role of government in a mixed economy.