The role of government in a market economy would include all of the following except making and enforcing laws. collecting taxes. extensive ownership of productive resources. providing services such as national defense.

Q: Economic freedom must come from a democratic government. is not important for nations to grow. is…

A: Economics is a social science that studies how individuals, businesses, governments, and societies…

Q: flaws of capitalism and socialism?

A: Socialism - The government uses to manage money and economic resources in a socialist economy. The…

Q: Free Markets are a way of connecting people who may mutually benefit by exchanging goods and…

A: One potential local/global problem which can arise from an monetary coverage solely primarily based…

Q: As it relates to a public good, nonrivalry means that: the public sector is able to provide the good…

A: A good is a public good when it is both nonrival and nonexcludable.

Q: Which of the following is a source of Primary research? A Census A survey Industry publications…

A: There are two categories of research methods, i.e., primary and secondary.  In the primary research,…

Q: Frederick Bastiat and Jean Jacques Rousseau would most likely agree on which of the following:…

A: The objective of the question is to identify the statement that both Frederick Bastiat and Jean…

Q: Which statement best describes economic freedom?         Sara would like a new green…

A: The objective of the question is to identify which scenario best represents the concept of economic…

Q: Which are benefits of a mixed market economy? Select all that apply. A mixed market economy provides…

A: The system of the market for commerce, allocation of resources, and trade where free markets tend to…

Q: Which of the following is the disadvantage of the Socialist economy? a. Efficient use of resources…

A: Socialist Economy refers to the economy where there is full control by the government i.e.…

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: Suggest a relevant government policy in barbados that would yield the efficient outcome and…

A: The International money (IMF) could be a non-profit organisation that works to market international…

Q: Which of the following is a positive statement? large inequality in society should be avoided…

A: There are two types of statements: Normative statement and positive statement.

Q: Economists generally agree that individual consumer preferences should determine the market output…

A: Government intervention refers to the process under which government intervenes in a free market…

Q: Laissez Faire economics was used by business leaders as a means to establish:   A partnership…

A: A market economy gives businesses more room and autonomy from government rules and regulations that…

Q: The authority of the state, based on recognition by other states and by nonstate actors, to govern…

A: Sovereignty can be referred to as the supreme authority of a state or a country within a certain…

Q: Hong Kong is a country characterized by low tax rates and limited government services. What type of…

A: A complex network of interwoven trade, consumption, and production activities makes up an economy,…

Q: In a mixed economy, who determines what to produce? Individuals and government Individuals…

A: Concept of Market: In economics, the market theory deals with the system which characterizes the…

Q: Which of the following terms describes the set of values, beliefs, rules, language, and institutions…

A: The issue you raised has to do with "Culture" and, to a lesser degree, "Ethnocentrism." It involves…

Q: 5) What were some methods that activists use to get their opinions heard? Letter-writing campaigns.…

A: Common methods used for activism include: Community building. Lobbying. Media activism.  Peace…

Q: Social regulations Select one: a. Lead to increasing industrial concentration b. None of the answers…

A: Governmental regulations also include social regulations.Public interests including health, safety,…

Q: Describe the differences between free market and collectivist societies.

A: A market is a structure or system where buyers and sellers interact to trade products, services, or…

Q: All of the following statements about agriculture in commercial economic systems are true EXCEPT…

A: The process of development in any economy is characterized by shifting of traditional agriculture…

Q: An economy in which production is done by primarily by the private sector while government regulates…

A: Mixed economy: A mixed economy is an economy system that combines elements of both a market economy…

Q: Rationing of most scarce goods and services in a capitalist economy is done by:   Group of answer…

A: Rationing is described as the artificial restriction of demand or the control over the allocation of…

Q: The greatest incentive for conserving scarce resources and using them in the most productive ways…

A: Natural Resources are materials from the Earth that are consumed to help life and address…

Q: Free Markets are a way of connecting people who may mutually benefit by exchanging goods and…

A: One local/global problem that can arise from an monetary policy entirely primarily based at the…

Q: Match the following: the property of distributing economic prosperity uniformly among the members of…

A: 1)The property of distributing economic prosperity uniformly among the members of society-equality.…

Q: The Constitution begins by stating   the basic functions of government.   the reasons for…

A: The Constitution of any country is a set of fundamental principles or established precedents…

Q: By Walter E. Williams socialism to free market capitalism. summary

A: Summary By Walter E. Williams socialism to free market capitalism.   The following is the definition…

Q: The three main objectives of the national economy are price stability, full employment, and economic…

A: Fiscal policy is the term used to describe the way in which the government manages the amount of…

Q: Select ONE major political issue (pandemic, trade, environment, or international relations) and…

A: Partisans in politics or the military are entirely dedicated to their cause. This expression…

Q: Social security in the U.S. is funded by government expenditures the…

A: A dedicated payroll tax is used to fund Social Security. Employers and contractors each pay 6.2…

Q: What type of society did Karl Marx believe was fair to all workers?         Marx…

A: The objective of the question is to understand the type of society that Karl Marx, a renowned…

Q: As Islam is a perfect religion, the market would primarily operate freely and achieve a very high…

A: Islam is often regarded as the creator of capitalism, having established the world's first…

Q: Which of the following is the most concerning when producing goods/services? Environment destruction…

A: "The structured process of transforming resources into finished goods in the form of commodities and…

Q: Economic cannot be separated from political considerations or the role of government. Despite the…

A: Efficient economic system operation hinges on optimal resource allocation, stable markets, and fair…

Q: Prices ration goods to the people with the lowest opportunity cost of time the people who most…

A: Prices ration goods to _______.a. the people with the lowest opportunity cost of timeb. the people…

Q: 22) In a free-market system, A) all economic decisions are made without government intervention. B)…

A: Free market refers to the situation where the economic decisions are made by the market without…

Q: Discuss the market failure which justifies government involvement in the economy

A: Market failure can be understood as a situation where resources are not utilised efficiently or in…