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?
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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.
What happens in the resource markets?
Illustrate the Risks involved with bonds?
Briefly describe cost of equity shares? And also write down way to evaluate the cost of equity shares?
From the heterodox approach, what options does the enterprise need to produce more output? What effect do these options put on its cost structure?
Who will get the goods and services?
Instruction: McDonald's vs. Burger King - these two fast food chains use different waiting line design: Independent queue vs. pooled queue. To compare the two different queue systems on equal footing, let's assume that we pick a McDonald's sto
Why businesses are not really “free” to produce what they wish?
Elucidate Reliance on technology and capital goods of the market system?
How will the goods and services be produced?
Illustrate the rate of exchange of two products?
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