Thinking in terms of economic efficiency, almost all economists agree that some government agencies are needed to have economic efficiency because they can ensure ... Group of answer choices a. Private property rights b. Companies earn profits c. Consumers will always receive good products d. Governments can redistribute wealth
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- Government affects business by being all but one of the following 1. A tax collector 2. An agent 3. A customer 4. A Regulator AsapKA. Loans made to students by the U.S. Department of Education are referred to as: a. direct student loans. b. deferred student loans. c. subsidized student loans. d. guaranteed student loans Recent evidence indicates that states: a. have taken a much more aggressive role in limiting the ability of local governments to enact regulations. b. have taken a less aggressive approach to how local governments enact regulation. c. have taken away local governments' ability to enact regulation. d. have appointed individuals to city councils.1.What is the government’s role in the economy? Explain and give some examples. 2.What is the concept of the bureaucracy? What is Max Weber’s view of the state? Explain and give some examples. 3.What is decentralization? Explain and give some examples. 4.What are some of the fundamental concepts of public administration? Explain and give some examples 5.What is collaborative public management? Explain and give some examples.
- Define the principle of rival consumption. A. idea that subsidies should be given to rival companies in order to encourage competition B. idea that individuals work together to attain private goods because a group can more easily attain private goods than an individual can C. idea that individuals are rivals in consuming private goods because one person’s consumption reduces the amount available for others to consume D. idea that only the strongest entities will be able to attain and consume private goodsHow does a government agency raise revenue differently from a private company, and how does that affect the way government makes decisions compared to business decisions?1. Government spending is used for the nation's defense, infrastructure, health, and _________ benefits. a. Education b. Welfare c. Safety d. Well-being
- explain when and how the government intervenes in the economy20. In which of the following types of political culture do citizens believe that the role of government is to protect and preserve the existing social order? a. Individualistic b. Traditionalistic c. Moralistic d. Socialistic e. CivicImagine that you own your business. It does not need to be the same as in other questions, youare allowed to pick a different firm or product.a.Think about your production process. Please explain the technology that youuse in the production process.b.How do you think the technology that you use, affects the market structureand/or the demand of your product? Note that this question is NOT about howtechnology affects your production process, therefore, NOT about productivity, NOTabout the cost structure.
- The economic theory of the firm assumes that businesses attempt to maximize their contribution to social welfare. a. True b. FalseWhat is the role of government in an economy. Explain in detail._______ Where does social responsibility of business haveto begin?a. Governmentb. Managementc. Consumersd. Consumer protection groupse. Society