Economists differ in their views of the role of the government in promoting economic growth. At the very least, the government should

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter17: Development Economics
Section: Chapter Questions
Problem 4E
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Economists differ in their views of the role of the government in promoting economic growth. At the very least, the government should

 
 
  1. lend support to the invisible hand by maintaining property rights and political stability.

     
  2. limit foreign investment to industries that don't already exist in the country.

     
  3. impose trade restrictions to protect the interests of domestic producers and consumers.

     
  4. subsidize key industries 

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