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The government decides that it will cut taxes in an attempt to move the economy out of a severe recession. Productive function whereby the government promotes economic stability through fiscal policies Productive function whereby the government maintains market competition O Productive function whereby the government redistributes income from rich to poor Productive function whereby the government produces goods that are difficult for private markets to supply An entrepreneur incorporates a new business in the state of Delaware so that the firm can enter into a lease to use a factory and purchase raw materials. Redistributing income O Reallocating resources Enforcing contracts O Maintaining competition

The government decides that it will cut taxes in an attempt to move the economy out of a severe recession. Productive function whereby the government promotes economic stability through fiscal policies Productive function whereby the government maintains market competition O Productive function whereby the government redistributes income from rich to poor Productive function whereby the government produces goods that are difficult for private markets to supply An entrepreneur incorporates a new business in the state of Delaware so that the firm can enter into a lease to use a factory and purchase raw materials. Redistributing income O Reallocating resources Enforcing contracts O Maintaining competition

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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i am having trouble with this question microeconmics chapter 5 question 2

### 2. Government Functions For each of the following scenarios involving the U.S. government, determine the primary function of government that is being served. --- **Scenario 1:** The government decides that it will cut taxes in an attempt to move the economy out of a severe recession. - ○ Productive function whereby the government promotes economic stability through fiscal policies - ○ Productive function whereby the government maintains market competition - ○ Productive function whereby the government redistributes income from rich to poor - ○ Productive function whereby the government produces goods that are difficult for private markets to supply --- **Scenario 2:** An entrepreneur incorporates a new business in the state of Delaware so that the firm can enter into a lease to use a factory and purchase raw materials. - ○ Redistributing income - ○ Reallocating resources - ○ Enforcing contracts - ○ Maintaining competition
Transcribed Image Text:### 2. Government Functions For each of the following scenarios involving the U.S. government, determine the primary function of government that is being served. --- **Scenario 1:** The government decides that it will cut taxes in an attempt to move the economy out of a severe recession. - ○ Productive function whereby the government promotes economic stability through fiscal policies - ○ Productive function whereby the government maintains market competition - ○ Productive function whereby the government redistributes income from rich to poor - ○ Productive function whereby the government produces goods that are difficult for private markets to supply --- **Scenario 2:** An entrepreneur incorporates a new business in the state of Delaware so that the firm can enter into a lease to use a factory and purchase raw materials. - ○ Redistributing income - ○ Reallocating resources - ○ Enforcing contracts - ○ Maintaining competition
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