Question

1. regulating business to prevent monopolies and price gouging define the primary economic role of government in which economic system? e.3.1

a. command economy
b. mixed economy
c. pure capitalist economy
d. traditional economy
enforce antitrust laws? e.3.1

Explanation:

To solve this, we analyze each economic system:

• Command economy: Government centrally plans, not mainly about monopoly/price gouging regulation.
• Mixed economy: Combines private and public (government) involvement. Regulating to prevent monopolies/price gouging fits as government intervenes in a market - based (with private sector) system.
• Pure capitalist economy: Minimal government intervention; monopolies/price gouging are less regulated by government.
• Traditional economy: Based on customs, not about this type of government economic role.

So the correct option is the one with mixed economy.

Answer:

B. mixed economy