Describe the short-run and long-run implications to the economic climate if the government in Mexico does nothing.

Economic cannot be separated from political considerations or the role of government. Despite the variation and extent of governmental impact on the economy, most people concede that government has three significant and essential roles in the economy. Explain each of these roles. Explain market failures and other economic problems that market forces by themselves cannot resolve.

two economists went to the same university disagree on policies such as minimum wages or higher taxes. why do you think this is the case?

Subsidies ____ the price paid by the buyer and ____ the price received by the seller.