HOW DO INSTITUTIONAL AND GOVERNMENT MARKETS DIFFER FROM BUSINESS MARKETS?

Q: _______ What term implies that there shall be no government interference in the economy?a. market…

A: Types of Economies:- 1) Market Economy:- Under market economy, all the decision related to…

Q: Which question is an example of a microeconomic question?  A. What should the Federal government do…

A: A. What should the Federal government do to reduce the trade deficit with Japan? This one is…

Q: Why do we have markets, and according to economists, what role should government play in them?

A: Market is a place where the goods and services produced by the companies are exchanged in return of…

Q: 2) What is institutional economics? How is it different from mainstream economics? Why institutional…

A: It is also known as institutionalism school of economics, It was developed in the early 90s in the…

Q: Describe the public policy cycle? Support your answer with examples.

A: The course of public approach has various stages which communicate in a powerful manner:…

Q: From Adam Smith's Wealth of Nation , What are the three key roles that government should fill in…

A: The father of economics, Adam Smith published his famous book "An Enquiry into the Nature and Causes…

Q: Question 10: _____ represent the core function of any economy.   A Governments B Markets C Firms

A: Markets: - markets mean a platform where different parties connect with each other and exchange…

Q: What are the four roles of government? Give an example of each role.

A: The of government has multi dimensional roles which can be summarized as taking action in interest…

Q: John Maynard Keynes

A: John Maynard Keynes is the father of Keynesian economics. He gave the short-run mechanism of…

Q: One can argue for free markets in two ways. One is to say that free markets are efficient. What is…

A: Free market: It is where the economic variables, eg. price(P*), quantity(Q*), wage(w*) etc. are…

Q: Discuss the four key economic functions performed by the government .

A: In a democratic nation government acts as the central authority to govern the nation by maintaining…

Q: Goods and Services) EXPLAIN WHY public high school education would not be considered free for the…

A: Answer in step 2.

Q: 1. The three major actors in terms of economic activity are A. governments, businesses, and…

A: Economic activities include agents who perform their functions and roles. They can be the government…

Q: .9 Read the following extract and answer the question that follows. (4 marks) Unrest and economic…

A: Option C Economic Growth Due to covid 19, these emerging economies have suffered and their rate of…

Q: What is market failure, and what kinds of things can lead to market failure?  What is government…

A: Market equilibrium is a situation where the market forces balance and there is efficient allocation…

Q: List the characteristics of the four different types of market structures and give an example of…

A: Answer: Market structure can be divided majorly into four categories, it includes, perfect market,…

Q: 11. Macroeconomics is a study of economics that deals with which 4 major factors A) Households ,…

A: "Economics is a social science which is a study based on the consumption, production, and…

Q: What is the government policy that supports research and development (R&D), doesn't involve the…

A: The process through which there is the creation of improved or new technologies that could help in…

Q: Why could an economy function without government help? Use 3 evidence

A: Beyond contract regulation and the provision of public goods, government intervention is any action…

Q: What is social responsibility? Can the government compel businesses in our country to abide by this…

A: In an economy, when an individual makes decision, his decision will influence the market when people…

Q: What is maginalise group

A: Using methods like social welfare functions and cost-benefit analysis, welfare economics aims to…

Q: What are the external influences on the economy?

A: External influences in the economy refer to the factors that are beyond the control of the economy…

Q: What are the factors or market

A: Factors can be defined as the factors being used in the production process which are: Land Labor…

Q: What are the three ways that societies can organizethemselves economically?

A: A realm in which items and services are produced, distributed, traded, and consumed by diverse…

Q: Through economic reasoning, explain the interrelationship with markets and government.

A: There is a general law that determines the market's allocation of resources which reduces the…

Q: I struggling with understanding how the economic market runes without the government and what the…

A: Economic markets run without the intervention of the government by buyers and sellers ie the…

Q: two main causes of market failure and give an example of each

A: Market failure- It is the inefficient distribution in the free market of goods and services. It…

Q: Which of the following questions would an economist NOT answer? a. How do taxes affect consumers and…

A: An economist is an expert who studies the relationship between a society's wealth and its input or…

Q: he industries in South Africa, such as housing and healthcare, are controlled by the government.…

A: The conclusions that can be drawn about the South African economy based on the given information is…

Q: Why is the study of economics important to democracy and why is it important for society to have an…

A: ExplanationEconomics is a subject that deals with the relationship between individuals who are…

Q: n

A: Market intervention is basically intervening into the market in order to protect the producers of…

Q: identify and explain how the 2 central economic policies used by the US government

A: The United States has a mixed economy. It works as per a financial framework that highlights…

Q: explain when and how the government intervenes in the economy

A: In a free market economy, the resources of production are usually owned by the private individuals…

Q: economic programs were similar to and different from the social program that that FDR enacted in his…

A: The first 100 days of Franklin D. Roosevelt (FDR) preisdency began on 4th of March 1933 when he was…

Q: Why are no economies truly free, in the sense of having no controls or restrictions?

A: Economies cannot be set totally free because of negative economic experience that has been observed…

Q: mmend your govt. to limit urbanization in Pakistan?According to the United Nations Development…

A: Urbanization helps the economy to grow at faster rate but urbanization exceeds the limit then it…

Q: 3) Friedrich Hayek, the man quoted at the start of chapter 3, is an Austrian economist who won a…

A: Government intervention is a regulatory measure to influence the social and economic decisions made…

Q: Explain why and in what sense each of the following is an economic good. (a) A hard copy of…

A: An economic good is a good or a service that has a benefit to society and a degree of scarcity due…