Scenario: the economy of country y has been in an economic downturn for the last several months. recently, businesses have invested in new technologies in order to produce the goods that consumers are demanding within the nation's own borders. the government has removed regulations to allow producers and consumers to have more financial freedom. as a result, consumer spending has increased and the economy has begun to improve. use the drop-down menus to complete the sentences. according to the information presented about country y, the classical economic concept of ( the invisible hand, consumer efficiency, government regulations) can be seen. the economic events of country y demonstrate the idea of laissez faire because the government (did, did not) intervene in economic events.
Invisible hand , did not edge
just did it they were correct
tried it and it worked
the correct sequence is 1.-B) there is little regulation of industries. 2 .-C) Who will get the goods and services produced? 3.- C) Mixed 4.- A) market economy 5.- A) Mixed economy 6.- C) Market 7.- B) Australia 8.- B) Market 9.- Traditional 10.- C) from command to market.
Explanation: Australia is considered a prosperous mixed market economy.
1) a combination of choices
2) mixed economy but became a market economy
1: dependent only on the choices of individuals and businesses
2:market economy but grew more mixed as government added laws and regulations
3: mixed economies
4: Smith – market
8: protect competition by preventing monopolies
9: believed to prevent monopolies by stopping a company from setting prices too low or too high
10: knowing inventions can be protected encourages people to create new things.
The best i could do, I hope it helps!
Government regulations can harm the economy.
The EPA regulation on emisions has consequences for the employers as they have to expend billions and layout thousands in order to comply with the law.
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Specialized executive agencies respond to a new policy by creating regulations.
A regulator agency enforces government regulations in a specific area of the country.
A government regulation consists on a law that controls the way that a business can operate. Some regulations affect how businesses report income and pay taxes; others regulate how they dispose of their excess materials or waste.
Government regulations are rules a government intended to restrict and control people’s behavior in order to improve all our lives by preventing unproductive, unfair, or harmful actions.