Author Question: Outline the various actions the government sector could take to promote growth. What will be an ... (Read 136 times)

Wadzanai · **on:** Jun 29, 2018

Outline the various actions the government sector could take to promote growth.

What will be an ideal response?

Question 2

Refer to Table 18-7. The tax system is

A) proportional throughout all levels of income.
B) progressive throughout all levels of income.
C) progressive between 10,000 and 12,000 of income and regressive between 16,000 and 22,000.
D) regressive throughout all levels of income.

Loise Hard · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

The government should secure private property rights. Private property rights are crucial for a smoothly functioning market system. The government should create a court system that will enforce contracts. It should also assist in the development of the country's financial system. Additional endeavors include strengthening the education, communication, and transportation systems.

Answer to Question 2

B