Government's Role in the Economy
5 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

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?

  • Promoting market competition
  • Investing in infrastructure
  • Correcting market failures
  • Implementing tax and transfer programs (correct)

    • 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?

    <p>When tax revenue does not cover government spending</p> Signup and view all the answers

    What is a budget surplus?

    <p>When tax revenue exceeds government spending</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser