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 allocation of resources is determined by a combination of government, consumers, and producers. The government sets regulations and policies that affect the market, consumers express their preferences and demands through the choices they make in the marketplace, and producers respond to those demands by producing the goods and services that are most profitable. Therefore, all three agents play a role in determining what goods and services are produced in the economy.

Consider the Following Economic Agents