Consider the following economic agents: a.the government
B.consumers
C.producers
Who,in a modern mixed economy,decides what goods and services will be produced with the scarce resources available in that economy?
A)the government
B)producers
C)consumers
D)consumers and producers
E)the government,consumers,and producers

Question

Quizplus · Accepted Answer

In a modern mixed economy, the decision about what goods and services will be produced with the scarce resources available is influenced by the government, consumers, and producers. The government may set regulations or provide subsidies, consumers express their preferences through demand, and producers decide on the supply based on various factors including consumer demand and government policies.

Consider the Following Economic Agents: A.the Government