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QUESTION IMAGE

which statement would be true about the economic decisions of producers…

Question

which statement would be true about the economic decisions of producers in both market and mixed market economic systems? producers respond to wants and needs of society, impacted by supply and demand and motivated by profit. producers are given absolute freedom to make whatever production decisions they desire without any government restrictions. government laws and regulations exist to limit the exploitation of the workers by producers. producers typically avoid innovation and advancement in production methods because they are costly and reduce profits.

Explanation:

Brief Explanations

En un sistema económico de mercado, los productores toman decisiones basadas en la oferta y la demanda, y en un sistema mixto, también hay un papel del gobierno. Las leyes y regulaciones gubernamentales en ambos sistemas ayudan a proteger a los trabajadores de la explotación. Las otras opciones son incorrectas: los productores no solo responden a los deseos y necesidades de la sociedad en un sentido general sin considerar la rentabilidad; no tienen libertad absoluta en un sistema mixto debido a la intervención gubernamental; y los productores buscan innovar para aumentar las ganancias a largo plazo.

Answer:

C. Government laws and regulations exist to limit the exploitation of the workers by producers