Which of the following is a major reason for government regulation of the economy?
a. to increase the overall level of taxes paid by producers in the economy
b. to increase the general level of educational attainment
c. to eliminate the costs of doing business for corporations
d. to promote economic development
Question 2
Which of the following is accurate with regard to the national debt in the United States?
a. The national debt as a percentage of GDP is about the same in the United States as it is in Japan.
b. The national debt as a percentage of GDP is lower in the United States than it is in any other Western democracy.
c. The national debt as a percentage of GDP is higher in the United States than it is in any other Western democracy.
d. The national debt as a percentage of GDP is about the same as the GDP.
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