What role do government agencies play in a mixed market economy?
A. They run shipping companies and other sources of distribution.
B. They own farms, factories, and other sources of production.
C. They regulate some aspects of production and distribution.
D. They employ most of the workers in the economic system.
Answer (2)
In a mixed market economy, government agencies primarily regulate aspects of production and distribution to maintain fairness and competition. They enforce laws related to health, safety, and consumer rights without owning production assets. Therefore, the correct choice from the options given is C: They regulate some aspects of production and distribution.
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In a mixed market economy, government agencies play a crucial role by regulating certain aspects of production and distribution to maintain fairness and competition. They enforce laws pertaining to health, safety, and environmental standards. Their focus is on oversight rather than ownership of production assets. ;
