True or False: Democracy does not guarantee that a government will undertake productive policies.

Q: To what extent should government influence the economy of a democracy such as the United States?

A: In every economy, the government takes decisions to achieve the desired growth rate. The government…

Q: The people of China now enjoy a socialist market economy rather than pure communism. What must the…

A: Economic Freedom Every person has the fundamental right to govern their own employment and property,…

Q: Generally speaking, which type of government is associated with greater economic freedom?   A)…

A: A socialist economy is an arrangement of production where labor and products are delivered…

Q: There are three national economic goals: economic growth, full employment, and price stability. For…

A: Fiscal policy refers to the policy of the government to control the money supply in the economy.…

Q: which of the following best describes what is meant by "neoliberalism"? A. Economic theory that…

A: Economic liberals generally adhere to a political and economic philosophy that advocates a…

Q: Define theocratic law with example.

A: Theocracy is a form of government which is being ruled by the religious leaders. The laws of the…

Q: Describe several ways that governments can foster entrepreneurship and encourage the creation of…

A: There are different ways in which the government can promote investment and facilitate wealth…

Q: Why do you think that most modern countries’ economies are a mix of command and market types?

A: If economic decisions are taken by the government, it is known as the command economy. In such a…

Q: Why is it necessary to have a freely elected government for democratic capitalism to create a…

A: The democratic capitalism system is based on the 3 components: 1) Free enterprise which provides the…

Q: From the following choices, please match the Beijing Consensus or the Washington Consensus to its…

A: Beijing Consensus - The Beijing consensus focused on the following points:- It focused on a strong…

Q: Imagine that the leaders of a poor nation with a centrally planned economy become willing to try a…

A: As we know that Economy is that system in society where people earn their livelihood. And engage in…

Q: What is the relationship between economic prosperity and democracy? a)The probability that a new…

A: Understanding the relationship between economic prosperity and democracy is crucial for analyzing…

Q: What are the major tenets of neoliberal economic policy?

A: Neoliberal school of thought has evolved post 1980s after Keynesian economics era had gone.…

Q: True/False    A government in economy usually work for the welfare of the people.

A: In economics, government refers to the entity that has the responsibility and authority to regulate…

Q: Explain whether the given statement is correct or incorrect. Government plays a important role in…

A: A government is a structure or a collection of people with the power to rule over, direct, and…