Question 7 (0.05 points) \( \begin{array}{l}\text { Most, if not all, economies mix using markets and government directives when } \\ \text { deciding how resources are allocated to produce goods/services. } \\ \text { True } \\ \text { False }\end{array} \)

True! Most economies indeed blend market mechanisms and government interventions to allocate resources efficiently. For instance, in a mixed economy, the market may drive supply and demand for goods, while the government regulates key areas like healthcare and education to ensure public access and equity. This combination attempts to harness the benefits of both systems while mitigating their shortcomings. Moreover, this balance allows for flexibility. In times of crisis, such as economic downturns or natural disasters, governments can step in to stabilize markets through stimulus packages or subsidies, demonstrating how the synergy of market and government can navigate challenges effectively.