Which statement best describes the role of government in a mixed economy?

Question

1) it controls all decisions about business activities, including profit levels.
2) it forms companies and then allows individual managers to run them.
3) it follows a strict policy of laissez-faire. (my answer)
4) it regulates businesses when the public interest is involved.

Please help Ms. Sue!

Answer 1

I disagree.

Answer 2

My next best answer would be four.

Answer 3

Yes, 4 is right. Think about how the government regulates the food industry to make sure that our food is safe to eat.

Answer 4

Thank you so much Ms. Sue

Answer 5

You're very welcome, Michael.