Which of the following explain how markets and government are interrelated? Select all that apply: O Through supply and demand in markets, the government can use policy to guide how scarce resources are allocated. Social issues handled by the government, such as poverty, inequality of income, and discrimination, can often be affected by markets. Government action always reflects majority views driven by the market. Economists all fall into one political party, which helps align the market with policy.

Which of the following explain how markets and government are interrelated? Select all that apply: O Through supply and demand in markets, the government can use policy to guide how scarce resources are allocated. Social issues handled by the government, such as poverty, inequality of income, and discrimination, can often be affected by markets. Government action always reflects majority views driven by the market. Economists all fall into one political party, which helps align the market with policy.

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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