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Author Question: What are the five major reasons for government involvement in a market economy? What will be an ... (Read 52 times)

Brittanyd9008

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on: Jul 1, 2018
What are the five major reasons for government involvement in a market economy?
 
  What will be an ideal response?

Question 2

Which of the following is responsible for controlling the money supply?
 
  A) the Congress
  B) the Supreme Court
  C) the Federal Reserve
  D) the president


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olderstudent

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Reply #1 on: Jul 1, 2018
Answer to Question 1

Provide the legal, monetary and social framework necessary for markets to operate. Insure that markets operate in a competitive manner. Redistribute income and wealth in a more desired (equitable) fashion. Guarantee a more efficient use of resources when there are benefit and cost externalities. Stabilize the overall level of economic activity to counteract undesirable levels of price inflation and unemployment.

Answer to Question 2

C


Brittanyd9008

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Reply 2 on: Jul 1, 2018
Excellent

milbourne11

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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