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

See similar textbooks

Similar questions

So, I changed one of my user's phone plans to allow for international calling, awhile back, but when I received the bill from Verizon, it turns out that some of the countries in Africa that was visited do not have reliable or managed cellular service. It made me wonder about not only cellular coverage but also access to the Internet. 1) "A country that wants to progress economically and provide opportunities for its citizens must ensure that Internet access is widely available." Do you agree with this statement? Why or why not? 2) Net neutrality has been described as the preservation of an open Internet and the ability to communicate freely online. How does this relate to the workplace?
When can market fail? List and briefly explain at least 2 instances of market failure(explain why companies do not address these but government needs to do so). Compare and contrast economic policies with social assistance policies.
Do you agree or disagree with the discussion below: Antitrust laws in the United States, such as the Sherman and Clayton Act, are designed to promote competition and prevent anticompetitive behavior in the marketplace. These laws generally prohibit agreements, contracts, or combinations that restrain trade or suppress competition.Pooling agreements among local cranberry growers could raise antitrust concerns if they have anticompetitive effects, such as reducing competition among cranberry producers or increasing consumer prices. However, the legality of such agreements depends on various factors and is a matter for legal authorities to assess.It is important to note that not all agreements to pool resources or coordinate production are automatically considered violations of antitrust laws. Some collaborative efforts may be permissible under antitrust laws if they promote efficiency, innovation, or other pro-competitive benefits.To determine whether the cranberry growers' agreement…
The coronavirus pandemic is leading to several management challenges in all echelons of the economic environment. These challenges are further compounded depending on the extent of the openness of the economy. List the management challenges in an open economy such as Australia. (you should examine pre COVID, during COVID and post COVID)
What other policies should the United States government pursue to secure access to crucial medical goods during shocks like Covid-19?
Kate Remind me what do we call a philosophy that encourages a government to increase its stock of gold by discouraging imports and encouraging exports? Theory of absolute advantage Theory of comparative advantage Mercantilist theory Hecksher-Ohlin theory
Compare and contrast Chinas' political, economic, and legal systems with those of the United States. Discuss Chinas' distinct political, economic, and legal systems. Talk about the impact of these elements on economic development. To improve understanding and keep people interested, keep the conversation lively and realistic. To elicit more comprehension, be grounded rather than scholarly.
It is asserted by some economists that because any individual knows only a small fraction of all that is known collectively, it is impossible to replicate the work of the invisible hand. This line of argument is associated with which of the following school of economists? (a) The behavioural school of economists; (b) The Austrian school of economists; (c) The ‘old’ institutional school of economists; (d) The Schumpeterian school of economists.
I need answer typing clear urjent no chatgpt i will give chatgpt
Does the U.S. have a trade deficit or surplus? (Research this separately) What are the arguments for protectionism or free trade? How is this affecting (expected to affect) the economy (consumers, business dealings, prices, tariff income generated, etc.) Read Ezekiel 28:18, and Proverbs 31:18. How does trade played an important role in biblical times.
What is private ownership of government programs is known as? Multiple Choice O proxy government privatization Oshadow bureaucracy All of the answers are correct.
1. What is economics, and how can you benefit from understanding basic economic concepts? 2. Compare and contrast the world’s major economic systems. Why is capitalism growing, communism declining, and socialism still popular?