A critical function of the government in facilitating the ...

[OSWALD]

A critical function of the government in facilitating the operation of a market economy is
 
  A) controlling the market prices of food items.
  B) ensuring an equal distribution of income to all citizens.
  C) producing goods and services for low-income households.
  D) setting up and enforcing private property rights.

Question 2

Describe the alternative measures of unemployment.
 
  What will be an ideal response?

[bd5255]

Answer to Question 1

D

Answer to Question 2

The Bureau of Labor Statistics keeps track of 6 alternative measures of unemployment:
 U-1 measures long-term unemployment. It counts as unemployed only workers who have been unemployed for 15 or more weeks.
 U-2 measures job losers; that is, only workers who lost their jobs (as opposed to quitting or reentering the labor market) are counted as unemployed.
 U-3 is the conventional measure of unemployment.
 U-4 adds discouraged workers to the conventional measure of unemployment.
 U-5 adds all marginally attached workers to the U-4 measure of unemployment.
 U-6 adds part-time workers who would like a full-time job (economic part-time workers) to the U-5 measure of unemployment.

[OSWALD]

Thanks for the timely response, appreciate it

[xthemafja]

Excellent