Main economic functions of government
Enumerate and briefly discuss the main economic functions of government. Which of these functions do you think is the most controversial? Why?
Expert
One role is to provide the legal and social framework. This goes beyond the elementary policing of keeping people from assaulting and stealing from each other. Government attempts to regulate business in terms of setting standards and rules. Some examples include establishing rules regarding contract negotiations and enforcement; setting standards on safety of food, drugs and other products; educating the public about respect for private property; devising zoning laws, etc.
Give a brief introduction of the term Timing Principle?
Give a brief introduction of the term Cost Principle ?
What do you mean by Financial Linkages in U.S. and World Trade?
Explain the statements: The market system provides such a variety of desired goods and services precisely.
Provide some sources of not tax revenue? Answer: Escheat, income from public enterprises, special assessment, fees and fines and so on.
Give a brief introduction of the term Risk factor?
Briefly describe the term Cost of debt?
Question: The Theory of Purchasing Power Parity says that, in the long run, nominal exchange rates change to offset changes in relative i. _________________________ so that the purchasing power of two currencies st
Illustrate and clarify the economizing problem?
Illustrate Rational Behaviour of Economic Perspective?
18,76,764
1930494 Asked
3,689
Active Tutors
1458163
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!