List five major economic activities of government and give an example of each

Q: What does a circular-flow diagram do? ○ It illustrates cost-benefit analysis. ○ It explains how the…

A: The economic model with significant exchanges occurring between the economic units is referred to as…

Q: Which of the following economic systems are concerned with addressing the fundamental economic…

A: The correct answer is;

Q: What can government do to stimulate the economy?

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

Q: presentation on the Responsible consumption and Production​ sustainable development goal

A: The Sustainable Development Goal , the Responsible Consumption and Production aims to ensure that…

Q: Economics MOST broadly includes anything related to a. national economies b. decision-making c.…

A: Economics is far more than money. It's all about balancing the pros and cons of various options. The…

Q: What comprises middle-income economies

A: For operational and analytical purposes, world bank classifies the economies in three groups: low…

Q: How do major issues that emerged in the 1980's- for example AIDS, The War On Drugs, and mass…

A: Answer in Step 2

Q: Services are tangible product; activities provided by other people, such as doctors, dentists,…

A: In economics, goods are objects that are obtained at the end of the production process. A producer…

Q: There are different components that make up a society. It includes all the following, except: a.…

A: A society is group of people living together following set of rules or beliefs

Q: What type of economy does China has

A: An economy is a place where products and services are produced, distributed, traded, and consumed.…

Q: What are disadvantages of free market economy ?

A: Free Market Economy is the one in which buyers and sellers act in self-interest. It is open for…

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: Economics State the basic problems in problems. What does each problem mean?

A: Introduction Economics is the study of how individuals and society decide to make use of scarce…

Q: How the government controls the market for a fair economic system in Islamic Economics scope?

A: Islamic economic system is the one that uses Islamic believes in running a business according to…

Q: example of a significant aspect of an economy?

A: Economy- It is a group of activities related to production and consumption which helps in the…

Q: What are some steps the government can take to encourage research and development?

A: The process of R&D (Research and Development) refers to that one which is intended to develop…

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: Define Free Market Economy, Planned Economy and Economy of a welfare state. Which economic model is…

A: Economy of a country is mainly developed with the help of economic model used by them. Economic…

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: Which economic system does a better job improving living conditions for the poor, capitalism or…

A: The system through which governments or society organizes and distributes the availability of…

Q: Write a 5 sentences essay about the socio-economic issues that the country (Philippine) is…

A: The challenges that socioeconomics addresses, as well as the elements that have a detrimental impact…

Q: What is main reason for the formation of large cities?

A: What prompted the formation of cities in the first place? Although there is little evidence to say…

Q: A good school system is a must. Are the families with children the only members of the town who…

A: This question asks us to analyze the impact of a good school system beyond families with children…

Q: How do you feel that business cycles and the health of the economy affect the value of your labor?

A: ANS Business cycles comprise of two phases namely a phase of expansion and a phase of contraction.…

Q: What does a normative statement describe?    A. how the world will be in the future  B. how the…

A: A normative statement is an ideological, prescriptive, and judgmental statement. It sets a standard…

Q: An example of an economic entity is a: a. town. b. business. c. non-profit hospital. d.…

A: In the context of economics and accounting, an economic entity is an organization or unit that…

Q: How do the economic sectors differ?

A: Economic sectors refers to various different sectors of the economy each dealing with different…

Q: What are some economic opportunities and challenges for an ageing population?

A: Meaning of Ageing Population and Economic Opportunity: Ageing Population refers that as large…

Q: How do the major economic systems differ?

A: An economic system is defined as the means by which the society organizes and distributes its…

Q: the main types of economy existing in the caribbean is neither free market nor planned discuss

A: A mixed economy is an economic system that has aspects of both a capitalist and a socialist command…

Q: What are the fundamental problems and issues facing an economy in general?

A:

Q: Socialism Vs. Capitalism, which economic system do you prefer and why? Give real life examples.

A: Socialism is a social, political, and economic philosophy that encompasses a variety of economic and…

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: Illustrate the purpose of using the data in business?

A: Data can be used in various fruitful ways for earning higher returns from a business. In fact in the…

Q: what type of economy do people work for about to hours then spend the rest of their time drinking…

A: The only kind of economy where working for a few and relaxing for longer hours is possible is a…

Q: discuss the different types of economies and how each one of them operates. discuss advantages and…

A: There are different types of economies practiced across different countries.