What role of government do you think is the most important from an economic perspective and why?

Q: What can government do to stimulate the economy?

A: To stimulate the economy, the government will implement expansionary fiscal policy.

Q: what can the government do to provide awareness and knowledge about people who are not literate in…

A: Answer - Need to find- what can the government do to provide awareness and knowledge about people…

Q: To what extent should government influence the economy of a democracy such as the United States?

A: In every economy, the government takes decisions to achieve the desired growth rate. The government…

Q: Explain economic impacts of democracy?

A: When a nation transforms from a non-democratic system to a democratic one, it often experiences a…

Q: Describe the public policy cycle? Support your answer with examples.

A: The course of public approach has various stages which communicate in a powerful manner:…

Q: Is there a need for the government to talk about Economics in layman's term? Justify and explain.

A: Government. in general, is known as the authority that is meant to make major decisions regarding…

Q: If economic laws are applicable in real world?

A: Economics is based on the activities of real life. It analyses the economic activities and then…

Q: From Adam Smith's Wealth of Nation , What are the three key roles that government should fill in…

A: The father of economics, Adam Smith published his famous book "An Enquiry into the Nature and Causes…

Q: Generally speaking, which type of government is associated with greater economic freedom?   A)…

A: A socialist economy is an arrangement of production where labor and products are delivered…

Q: What are the two major economic problems in economics

A: Economics is the study of allocation of limited resources. The fundamental economic problem is about…

Q: What is the rule of law?

A: It is a concept in which the law is something to be obeyed by everyone either the people or the…

Q: Could the economy function without government intervention?

A: An economy refers to a piece of land that is regulated by a single government and people make…

Q: Why are good policies and programs important in states?

A: In different states, there are different types of government to manage the socio-economic activities…

Q: what did adam  proposed that government should do to help the economy

A: Government is a very important economic unit. It controls an economy and provides various resources…

Q: Which is a more serious problem between market failure and government failure?

A: Government intervention to resolve market failures, and to manage the macroeconomy, can fail to…

Q: C. government policies will be ineffective and counterproductive.

A: Answer C) government policies will be ineffective and counter productive

Q: What type of economy is best?

A: There are mainly four types of economic systems: Traditional economic system, command economic…

Q: What can government do to encourage the development of new technology?

A: The development of new technology will further lead to the economic growth of the nation. Due to…

Q: Why couldn't an economy function without government intervention?

A: An economy needs government intervention for some specfiic purposes because there are various types…

Q: Why is it necessary to have a freely elected government for democratic capitalism to create a…

A: The democratic capitalism system is based on the 3 components: 1) Free enterprise which provides the…

Q: the government owns the factors of production and distribution?

A: A economic framework is a method by which social orders or states arrange and disperse accessible…

Q: According to Adam Smith who should manage the economy for the nation? Why?

A: An economy refers to the management of the country's money, trade activities, industrial…

Q: If a government agency doesn’t collect enough money in taxes to pay for the programs it created.…

A: In an economy, government makes expenditure on social activities like developing infrastructure,…

Q: Which three key questions do economists try to answer?

A: Economists try to solve various problems existing in the economy.

Q: Why are people closest to local government?

A:

Q: Who is more responsible for economic system? Government, households or firms and why

A: Economic system is the means by which households, firms or governments organize and distribute…

Q: What are the demerits of a socialistic economy only 2 demerits.

A: According to the given question In simple words we can say that a socialistic economy is a type of…

Q: Public Policy

A: Public policies are the combinations of actions, laws, regulations, policies and several other…

Q: what was the economic event and how did you solve the problem

A: Every one of the events which can be estimated as far as cash are named economic events and are…

Q: How democracy effect economy of any country? Explain with logical examples.

A: In democratic country the people of the nation have the power to decide the institution, and the…

Q: Which type of economic system do you support? Why?

A: The mixed economic system, market economic system, and the command economic system are the three…

Q: What is the relation between the government and the production process?

A: Government has complete command on the production process and organizations. As it sets rules, laws…

Q: what are the four structures in  economics

A: In economics, market structure refers to how different industries are classed and distinguished…

Q:  Should the Government be more or less involved in the economy

A: Modern day economy is hybrid in nature  throughout the world where private sector and government…

Q: Why is “how to produce” a problem in every economy?

A: The central problems all the economies around the world face are "What to produce, how to produce,…

Q: Could an economy function without government intervention and what difference does government…

A: Economic systems are classified into three types: free market, mixed, and command. The decisive…

Q: What’s a economic example

A: Demand is the total quantity of goods buyers are willing to purchase at a different level of prices.

Q: name three parts of the government that regularly rely on the advice from the economists

A: The economies as a study involves the decision making process, where various entities in the economy…

Q: How many sectors of economy are there?

A: Economy: It is the system of organizing money, industry, and trade of a country or region.

Q: What is the most important role of government?

A: In the economy, government plays a very important and vital role. However, the economic role of the…

Q: Why socio-economic issues the people’s top concern in an economy are?

A: socio-economic issues The socio-economic issues are the problems the economy is facing. They have…

Q: why should young people become advocates and active citizens?

A: Advocacy means identifying and calling for change in laws, policies, practices and structures in…

Q: What role of government do you thỉnk is the most important from an economic perspective and why?

A: The economics as a study is associated with the use of resources, where the resources with the…

Q: The single biggest item state and local spending is spent on is  its only one option    a.…

A: According to the government budget survey, the state and local government expenditure fall under the…