What is one possible effect of a high unemployment in a mixed market economy?

What is one possible effect of a high unemployment in a mixed market economy?

HomeArticles, FAQWhat is one possible effect of a high unemployment in a mixed market economy?

What is one possible effect of high unemployment in a mixed market economy? A lack of income will weaken the buying power for many people.

Q. Which statement best describes a market economy?

​the answer is: C. The decisions made by producers and consumers drive all economic choices. One distinct characteristic of a pure market economy is that there is no government involvement in the market. This mean that all economic choices and activiites in a country are fully controlled by the private sectors.

Q. What is a mixed market economy quizlet?

Terms in this set (4) Mixed Economy. an economy in which there is a blend of economic systems; individuals and the government share in the decision-making process. Market Economy. a system in which individuals and private business own and control production (also called capitalism)

Q. What is one effect of high unemployment in a mixed market economy?

The one possible effect of high unemployment in a mixed market economy would be that the lack of income will weaken the buying power of many.

Q. What is one way that technology can improve the distribution of goods?

What is one way that technology can improve the distribution of goods? Workers can take Internet classes to gain new skills. Automation can create goods more cheaply and easily. Container ships can transport a number of goods at once.

Q. What are the two key areas for economic regulation?

Economists distinguish between two types of regulation: economic and social. “Economic regulation” refers to rules that limit who can enter a business (entry controls) and what prices they may charge (price controls).

Q. What is the goal of social regulation?

Social regulations protect public interests such as health, safety, the environment, and social cohesion. The economic effects of social regulations may be secondary concerns or even unexpected, but can be substantial.

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