QuestionAugust 23, 2025

1. What are three roles of government is a mixed economy?For each role, explain whether youview this involvement as positive or negative.and why. square

1. What are three roles of government is a mixed economy?For each role, explain whether youview this involvement as positive or negative.and why. square
1. What are three roles of government is a mixed economy?For each role, explain whether youview this involvement as positive or negative.and why. square

Solution
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Answer

Regulation, Redistribution, Public Goods Provision; Positive involvement in each role due to fairness, equality, and efficiency benefits. Explanation 1. Define the Role of Regulation Governments regulate industries to ensure fair competition and protect consumers. This involvement is generally positive as it prevents monopolies and ensures safety standards. 2. Define the Role of Redistribution Governments redistribute wealth through taxation and welfare programs to reduce inequality. This can be seen as positive because it helps provide a safety net for the less fortunate, though some may argue it discourages individual effort. 3. Define the Role of Public Goods Provision Governments provide public goods like infrastructure and education that the private sector may not efficiently supply. This is positive as it supports economic growth and societal well-being.

Explanation

1. Define the Role of Regulation<br /> Governments regulate industries to ensure fair competition and protect consumers. This involvement is generally positive as it prevents monopolies and ensures safety standards.<br /><br />2. Define the Role of Redistribution<br /> Governments redistribute wealth through taxation and welfare programs to reduce inequality. This can be seen as positive because it helps provide a safety net for the less fortunate, though some may argue it discourages individual effort.<br /><br />3. Define the Role of Public Goods Provision<br /> Governments provide public goods like infrastructure and education that the private sector may not efficiently supply. This is positive as it supports economic growth and societal well-being.
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