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What is the difference a free market economy and a mixed economy?
In a mixed-market econom, the government imposes regulations on the production of goods and services.
Which statement describes an opportunity cost that could result from the government regulating businesses?
Government regulations can lead to an increase in production costs.
What Government intervention to affect the production of a good?
regulation
What impact can government regulations have on the global economy?
there are good regulations that control greed. there are bad regulations that inhibit growth. need growth for jobs and cash flow.
What factors contribute to determining the real price of a good or service?
The real price of a good or service is determined by factors such as supply and demand, production costs, competition, and government regulations. These factors influence the market forces that ultimately set the price at which a good or service is bought and sold.
What does the government have to do to protect consumer-protection regulations?
oversee production
What is the difference a free market economy and a mixed economy?
In a mixed-market econom, the government imposes regulations on the production of goods and services.
How can the government promote socially responsible production?
By passing environmental-protection regulations
What does the enforcing consumer-protection regulations involve?
government oversight of the production process
What does the enforcing consumer protection regulations involve?
government oversight of the production process
Which statement describes an opportunity cost that could result from the government regulating businesses?
Government regulations can lead to an increase in production costs.
What does the government have to do to enforce consumer protection regulations?
oversee production test products such as drugs and automobiles for safety (APEX)
What are government regulations?
they are government regulations
What Government intervention to affect the production of a good?
regulation
What impact can government regulations have on the global economy?
there are good regulations that control greed. there are bad regulations that inhibit growth. need growth for jobs and cash flow.
What is a government intervention in a market that affects the production of a good?
Regulation
What factors contribute to determining the real price of a good or service?
The real price of a good or service is determined by factors such as supply and demand, production costs, competition, and government regulations. These factors influence the market forces that ultimately set the price at which a good or service is bought and sold.
