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Explain whether the given statement is correct or incorrect.
Government plays a important role in an economy.
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- Through economic reasoning, explain the interrelationship with markets and government.Which of the following refers to an economy which most economic decisions are made by the government and not by buyers and sellers who may be individuals or firms? Financial Capital markets Free markets Command economies Market-Oriented economiesTo what extent should government influence the economy of a democracy such as the United States?
- In a market system, provide an example for when government can enhance or harm any of the processes involved in terms of what should be produced, how it should be produced, and for whom.Why should design be a part of public policy? Why do you say so? Give examples to support your answers.What is the most important role of government?
- What is the term for the economic doctrine that holds that an economy works best with the minimum amount of government intervention? O Laissez-faire. Productive efficiency. Producers' preferences. Perfect competitio.Scarcity means what? time and resources spent researching a cure for breast cancer are time and resources that could have been spent researching cures for lymphoma. 25 year olds might be more willing to start a family than 35 year olds. government funding of federal programs equals the amount paid in taxes. all consumers are assumed to have limited financial resources. money flows in a circle.What is the role of government in an economy. Is the government necessary in a nation?
- Could an economy function without government intervention and what difference does government intervention make?In a formal paragraph, tell me which economic system you believe is the best. Consider your needs and wants. All systems had their advantages and disadvantages – which one do you support?For each government action, indicate the type of government activity and justification. Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the box once to place a check mark. For incorrect answer(s), click the option twice to empty the box. a) New York City bans smoking in restaurants. ? Externality ? Public good ? Market regulation ? Redistribution b) Congress renews the food stamp program, which gives poor people access to groceries at a discount. ? Externality ? Public good ? Market regulation ? Redistribution Next> 23 of 67 < Prev W to search
