14
practice testMultiple Choice

Practice Test

Question 14 • Personal Finance and Economics

What role do government agencies play in a mixed market economy?

Answer
A
They run shipping companies and other sources of distribution.
B
They employ most of the workers in the economic system.
C
They own farms, factories, and other sources of production.
D
They regulate some aspects of production and distribution.

Explanation

In a mixed market economy, most businesses and resources are privately owned, but the government sets rules for some economic activities. It may regulate how goods are produced and distributed to protect workers, consumers, and the environment. Government agencies do not generally own or run most farms, factories, or shipping companies, so the best answer is “They regulate some aspects of production and distribution.”

AI-written and checked against the verified answer.

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