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Questions and Answers
Which role of the government is mentioned in the text?
Which role of the government is mentioned in the text?
- Distributing resources equitably
- Promoting competition
- Providing public goods (correct)
- Ensuring efficiency
What is one way the government can achieve a more equitable distribution of resources?
What is one way the government can achieve a more equitable distribution of resources?
- Promoting market competition
- Investing in infrastructure
- Correcting market failures
- Implementing tax and transfer programs (correct)
What must be considered when evaluating government interventions?
What must be considered when evaluating government interventions?
- The costs and benefits (correct)
- The economic ideology
- The political implications
- The public opinion
What is a budget deficit?
What is a budget deficit?
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What is a budget surplus?
What is a budget surplus?
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