Answer:The government is responsible for making decisions about how the country is run, including setting a policy agenda, proposing new laws and putting laws into action. The government plays an important role in shaping our society and making sure that Australians have the services and safeguards we need. Governments provide the parameters for everyday behavior for citizens, protect them from outside interference, and often provide for their well-being and happiness. In the last few centuries, some economists and thinkers have advocated government control over some aspects of the economy.
<u><em>The price of one nation's currency in terms of another nation's currency is called the exchange rate</em></u>
Granting titles of nobility is denied to both national and state government. Providing for and supervise schools, establish post offices, and impose duties on imports and exports are proposals or projects that both the national and state government can approve and implement.
In a market economy the production is determined not by someone's decision <em>(which can be wrong, and a wrong decision is the reason why there there are unwanted goods or a lack of wanted goods) </em>but it is regulated by the supply and demand: if there is a need for a good, it will be produced, and if there is no need for something, its production will halt and there will not be an unwanted storage.
In short, in a market economy, the economy itself regulates this.
