Which of the following is most likely to result in government failure? Highly competitive markets. Monopoly. A constitutional reform mandating that the federal government maintain a balanced budget. O Widespread government actions that favor some business firms and sectors of the economy relative to others.

Q: Describe the two chambers of Congress, including how laws get passed, requirements to run, and…

A: The United States Congress is the country's legislative body. Congress meets in Washington, D.C.'s…

Q: What is meant by the concept "laboratories of democracy"? Why do you think state and local…

A: The concept of "laboratories of democracy" coined by Louis Brandeis states that certain social and…

Q: 33. When any government official is accused of criminal actions, this process can be used to remove…

A: Impeachment is the process through which government officials can be relieved from their post if…

Q: _______ What term implies that there shall be no government interference in the economy?a. market…

A: Types of Economies:- 1) Market Economy:- Under market economy, all the decision related to…

Q: onfucius is a "laissez-faire" thinker--this implies an absolute--that government must never regulate…

A: Businesses are legal entity that is incorporated to earn profits.

Q: Role Of Governmen

A: In an ‘economy’, the ‘private sector’ accounts for the biggest ‘money making sector’ of the economy.…

Q: ood X as an input into its manufacturing process. It buys 8000 units of good X 1000 units of good Y,…

A: *Answer:

Q: Question 1 Please breifly explain the following: Public choice Government failure Iso-welfare…

A: Introduction Economics is the study of how individuals divide up finite resources between individual…

Q: Describe the short-run and long-run implications to the economic climate if the government in Mexico…

A: The GDP has one major drawback which results in the fact that the GDP does not include the…

Q: Providing public goods is a(n) economic and political function of government. economic function of…

A: In economics, goods are described as items that fulfill human wants, provide utility or usefulness,…

Q: Explain the function of government below. Alteration of the structure of private production

A: Alteration of the structure of private production. It is very important for government to understand…

Q: Suppose the proposed 3% tax on social media advertisements becomes law. Classify each group…

A: A tax on social media advertisements is a government-imposed levy or fee on the purchase or…

Q: Please elaborate on the economic role of the government under the two different economic theories of…

A: Laissez faire is a theory where there is no government intervention.Market functions on its own and…

Q: o economic theory, which of the following is NOT a feature of an ideal tax system? Multiple Choice…

A: In economics, the Ideal Tax system is a system that complete the criteria of increasing state…

Q: What is the term for the economic doctrine that holds that an economy works best with the minimum…

A: The government makes intervention in the economic activities. Government intervention might lead to…

Q: Economists generally agree that individual consumer preferences should determine the market output…

A: Government intervention refers to the process under which government intervenes in a free market…

Q: Describe the difference between efficiency and effectiveness in government and give an example using…

A: Effectiveness vs Efficiency:- Effectiveness:- Effectiveness deals with the maximizing the desired…

Q: 1. How do the different branches of government work together to implement public policy?

A: As a consumer or a capital good is manufactured, cost is initiated and process of business follow…

Q: Which of the following is not overseen by the government? Group of answer choices minimum wage…

A: Governments oversee economic activities for several reasons, often driven by a combination of…

Q: Causes of public expenditure

A: The causes of public expenditure is that the public expenditure must be done due to welfare of the…

Q: of the following countries has a unitary system of government?     Brazil     Australia…

A: A unitary system of government is one which has a single supreme central government which rules over…

Q: Discuss the four key economic functions performed by the government .

A: In a democratic nation government acts as the central authority to govern the nation by maintaining…

Q: Analyze the role of the government with an exteranlity present

A: There are two types of externalities present: Positive externality Negative externality Positive…

Q: What is public administration? Define bureaucracy and explain the role of bureaucracy in public…

A: Public administration is the study of and preparation of civil servants for administrative purposes…

Q: Market Failure:  an uptick in natural gas prices and production are masking underperformance the…

A: Price: It is the cost of goods and services in an economy. The more the sale of good and services in…

Q: axation can promote good social policy while minimizing economic inefficiency. True False

A: Economic inefficiency can be termed in the reference of externalities. In the presence of…

Q: what are 3 goods and services that should be provided by government? What are some of the key…

A: Public goods are goods or services that are provided by the government for the benefit of all…

Q: Public policy refers to the outputs of governmental institutions. O True O False

A: The government makes various policies to balance economic activities. Imbalances in these economic…

Q: Ezekiel works for a medium sized firm where he advises small businesses about tax planning strategy…

A: e. TaxEzekiel works as a tax accountant, which specializes in giving clients advice on tax planning…

Q: what 2 major strategies you could recommend to the government to turn around the culture of…

A: Corruption is when persons in positions of power, such as managers or government officials, act…

Q: If a government simplified its tax system the likeliest result would be Group of answer choices a…

A: A government imposes a tax on market participants as a charge of using public services or as a…

Q: The problems the Policy Government School of thought has with constitutional government is O not…

A: The existence of a constitution which may be a legal instrument or just a set of fixed norms or…

Q: What is the government policy that supports research and development (R&D), doesn't involve the…

A: The process through which there is the creation of improved or new technologies that could help in…

Q: There are several books that cover important information to validate the fact that LOCAL government…

A: Taxation is the cycle by which a government or other taxing power powers a financial charge or duty…

Q: what is the economic impact of government overreach? How is this seen in the current and past…

A: Government impact  in the economic impact outreach would help in the expansion and the development…

Q: Government failure is present when the government engages in an activity such as the setting of…

A: Government failure occurs when there is government intervenes to correct a market failure but ends…

Q: Entry fees at national parks and monuments are an example of:         the ability-to-pay principle…

A: There are certain theories and principles which explains the public expenditure and provision of…

Q: Who pays for government subsidies? Everyone else The wealthy Big business The poor pay thru…

A: This can be described as a concept that shows the contribution of an individual, organisation or any…

Q: Government failure occurs when a government's attempt to correct a market failure has unintended…

A: The markets are the place where the buyers of the goods, and services interact with the sellers,…

Q: 37. Which of the following is NOT a state responsibility? a. Hold elections b. Respect the laws of…

A: The laws of state responsibility govern about when and how a state is being held responsible for a…

Q: Discuss the effects of government economic policies such as a rise in the unemployment benefits on…

A: The condition where a person who is capable enough to work is unable to find any suitable jobs is…

Q: What are some main reasons for government shutdown? List and explain at least 3 such reasons.…

A: PART 1 Government Shutdowns: What Causes Them?   The federal government and the federal budget…

Q: None

A: Another approach to identifying the geographic area where the commodity title of the Farm Bill has…

Q: Which of the following is a key economic function of government? a. issues passports, visas, and…

A: One of the key economic functions of the government is to protect and enforces property rights and…