Government failure is present when the government engages in an activity such as the setting of prices that interferes with competitive markets. the incentives confronted by political participants encourage counterproductive use of resources. externalities create perverse incentives that undermine the efficient use of resources. unethical and corrupt tactions are undertaken by some political officials. 00

Which of the following is correct? Government purchases of good and services include: Group of answer choices government purchases of the teaching services of public school teachers. government income transfers to low income individuals. government purchases of securities in the Open Market. government subsidies to corn farmers in US.

Question 2 Draw a production possibility frontier. The vertical axis shows the production of public sector goods and the horizontal axis shows production of private sector goods. The economy is currently producing at point A on the frontier where 50 per cent of all production is devoted to public sector goods and 50 per cent to private sector goods. (a) Mark the following points on your drawing. (i) Point A. (ii) Point B which shows production following the election of a govemment which increases government spending on both education and the National Health Service. (iii) Point C where unemployment is present in the economy. (iv) Point D where the government takes over production of all goods and services in the economy. (b) Draw another diagram putting on it the original production possibility frontier you drew for (a), labelling it AA. (i) Draw a new production possibility frontier on the diagram, labelling it PP, which shows the position after a devastating war has hit the economy.…

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(This is a complete question) Ghana’s government wants to shift from agriculture to manufacturing. To do so, the government plans to implement a policy of import substitution industrialization (ISI). About half of Ghana’s population depends on agriculture, but Ghana still imports some of its food. The majority of Ghana's people live in rural areas and exist on a subsistence way of life. Ghana has one of the highest rates of income inequality in the world. Nearly half of the population is employed in agriculture. Explain import substitution industrialization and how it can affect Ghana. What role does learning by doing play, and when does it make sense for the government to interfere?

A variable levy exists when a country   A. removes expected tariffs based on supply and demand for a good or service.   B. allows one importer to pay a lower tariff than another importer for the same type of goods or services.   C. guarantees that the market price of an import will be the same as that of domestically produced goods.   D. creates a tariff that requires a percentage of the entire invoice value be paid on imports.

The interests of environmentalists and business are almost always directly opposed to each other. Being pro-environment usually means that one is going to be opposed to business interests, and being pro-business means working against environmental preservation and environmental concerns. True False

19. Government leadership is in the hands of an established social elite and the level of participation by ordinary citizens in the policymaking process is relatively low in which of the following types of political culture? a. Individualistic b. Traditionalistic c. Moralistic d. Socialistic e. Civic

A worldwide recession reduces the amount of Ghana exports and as a result aggregate demand decreases. To move Ghana GDP back to potential GDP ,the central bank should  (a).Under the monetary policy rate (b).Raise the monetary policy rate  (c). Increase the government budgets deficits. (d). Decreasing the quantity of money of money.

Public expenditure refers to the spending by government on goods, services, and obligations. It plays a crucial role in an economy by influencing the distribution of resources, stabilizing the economy, and promoting social welfare. The importance of public expenditure lies in its ability to such as providing public goods, supporting vulnerable populations, and investing in infrastructure and education. A) Increase private investment B) Address market failures C) Decrease government intervention D) Privatize public services