Question

What does the US government regulation in a mixed economy a. Amount of profit that can be made b. Minimum wages and maximum working hours to protect laborers c. How much of a product can be produced d. What can be produced

Answer 1

It is D becausee it is to help control and regulate the means of production.

Answer 2

D. What can be produced is the correct answer.

Step-by-step explanation:

The mixed economic system is the combination of both capitalism and socialist economic systems. In a mixed economic system, private property is protected but the government still allows economic freedom. The governments can interfere in economic activities for achieving social welfare goals. Neoclassical Economists consider it to be less efficient than pure free markets. They argue that rational market participation and equal participants can be achieved in the mixed economy. The public sector works alongside the private sectors while competing for the resources. The government can frame policies to regulate the production, while in free markets the governments don't interfere much.