Author Question: Why do some people accept as legitimate an active role of government in economic matters? What ... (Read 34 times)

jc611 · **on:** Jul 10, 2018

Why do some people accept as legitimate an active role of government in economic matters?

What will be an ideal response?

Question 2

Which of the following rewards poor parents for working?

a. Children's Health Insurance Program
b. food stamps
c. Aid to Families with Dependent Children
d. Earned Income Tax Credit

cswans24 · **Reply #1 on:** Jul 10, 2018

Answer to Question 1

An ideal response will:
1, Discuss how there are major economic collapses such as the Great Depression or the economic collapse of 2008 . In these cases, some argue that it is necessary for government to get involved to stimulate the economy and help create jobs. Some students may recognize this as a position often favored by Democrats and liberals.
2, Discuss how markets may not regulate themselves. Some believe government intervention may be necessary to save certain industries and jobs, such as the auto industry.
3, Discuss how unregulated, free market economics may produce greater inequality, some of which may be desirable.

Answer to Question 2

d