- threats of war.
- unemployment.
- low production.
- inflation.
- low voter turnout.
Which statements describe free enterprise system check all that apply?
The statements that describe a free enterprise system are the following:
Citizens can own property. Supply and demand drives production. Consumers and producers make their own decisions.
Which of these policies would a government take when it comes to employment paying government?
Which of these policies would a government take when it comes to employment?
the money supply
.
Why does deficit spending require a government to do?
What does deficit spending require a government to do? … – a government’s budget deficit
causes debt to increase
. – debt requires a government to pay back more than it has borrowed. – the deficit is the amount a government spends above what it brings in.
What are economic challenges that government must face check all that apply?
- threats of war.
- unemployment.
- low production.
- inflation.
- low voter turnout.
Which best describes how individuals help the economy grow quizlet?
Which best describes how individuals help the economy grow?
They work to influence the economy
. Which occurred during the Great Depression?
Which best describes why governments collect taxes?
Answer Expert Verified
Government collects taxes
to fund government programs
. Explanation: Taxes arise exclusively by the “tax authority of the government”, mainly with the objective of financing its expenses. Taxes are mandatory charges that people and businesses have to pay to finance the government.
Which best describes the idea behind the invisible hand quizlet?
Which best describes the idea behind the “invisible hand”?
Individuals seeking their own self interest benefit the economy as a whole
. … Keynes said government was the key to solving economic issues, while Smith believed government should take a hands-off approach.
Which best describes an example of the economic system known as free enterprise?
unemployment. Which describes an example of the economic system known as free enterprise?
People are free to shop for the best price on products because there is open competition.
Which describes a free enterprise system?
Free enterprise, also known as free market or capitalism, is
an economic system driven by supply and demand
. Private businesses and consumers control the marketplace with little to no interference from the government. In this type of system, the government does not have a central plan for the nation’s economy.
What is the greatest economic challenge that country D is facing?
According to the scenario, what is the greatest economic challenge that Country D is facing?
worry about unemployment
. change the tax rate.
What course of action might a government take to respond to the downturn?
What course of action might a government take to respond to the downturn revealed in this graph?
the money supply
. The diagram shows a challenge for government policy-makers.
Which explains why government regulation is necessary in a mixed market economy?
Which explains why government regulation is necessary in a mixed-market economy? …
Government regulation protects property rights, safety, and profits
. Government regulation protects constitutional rights, profits, and fairness.
What is wrong with deficit spending?
Criticism of Deficit Spending
Too much debt could cause a government to raise taxes or even default on its debt
. What’s more, the sale of government bonds could crowd out corporate and other private issuers, which might distort prices and interest rates in capital markets.
What is the problem with deficit spending?
Fiscal Deficit Impact on the Economy
2 Others argue that budget deficits
crowd out private borrowing, manipulate capital structures and interest rates
, decrease net exports, and lead to either higher taxes, higher inflation or both.
Which two functions received the least spending?
Answer Expert Verified
The correct answer are 1 and 3, as
International Affairs and Transportation
received the least spending in the 2012 United States federal budget.
