Question

3. Which level of government makes the furthest-reaching economic decision?

Answer 1

You cannot go for a day without making economic decisions. For this reason, an understanding of economic thought makes you a more ... If the federal government decides to subsidize a solar energy company, the . In a planned economy, the government makes most decisions about what will be produced and what the prices will be, and the market must follow that plan. Most economies in the real world are mixed; they combine elements of command and market systems.

Answer 2

In a mixed economic system, most economic decisions are made by consumers or sellers, but some economic decisions are made by the government, such as those dealing with safety regulations, infrastructure (e.g., roads), education, military spending, and certification and business licensing, all of these being decisions

Step-by-step explanation:

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