Author Question: What is the main rationale economists provide for assigning government the responsibility of ... (Read 129 times)

washai

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What is the main rationale economists provide for assigning government the responsibility of protecting people against foreign aggressors?
 
  A) It would be too dangerous to allow citizens to keep and bear arms for the purpose of forming militias to defend their communities.
  B) Most people are patriotic only when the government is involved.
  C) National defense must by necessity be nationalized.
  D) People will not risk their lives unless government requires them to do so.
  E) Private providers could not exclude non-payers from the benefits.

Question 2

According to your textbook, expansionary monetary policy
 
  A) encourages entrepreneurs to invest in projects that only appear profitable.
  B) creates a temporary boom, or economic expansion.
  C) will ultimately be followed by a bust, as entrepreneurs learn of their forecasting errors.
  D) tends to generate all of the above.



Anton

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Answer to Question 1

E

Answer to Question 2

D



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