I struggling with understanding how the economic market runes without the government and what the "invisible hand" is if the government isn't running the econo

Q: From Adam Smith's Wealth of Nation , What is the “great enemy” of the economy (hint: not…

A: In the wealth of nation, Adam Smith says that free market forces produce the maximum or optimal…

Q: Using your own example explain how the macroeconomic objectives of a government might conflict.

A: Macroeconomic objectives might conflict For example if inflation is reduced unemployment would…

Q: Why should the government try to help the economy and support it? Give at least two reasons.

A: A government plays a significant role in influencing the market outcome and to make changes in the…

Q: Most of the government's mandatory spending is used on which of the following?

A: Most of the government's mandatory spending is used on social security schemes. Social Security…

Q: List five major economic activities of government and give an example of each

A: Government has many activities of government. Five major functions are:   1- Shielding of national…

Q: What sectors of the economy do you believe the government should take an increasing role, and what…

A: Economic growth implies a method of increase in real value and real. per capita financial gain.…

Q: Amagine you are the manager of a car dealership and you are trying to create an economic model to…

A: An economic model creates a similar situation for a firm in accordance to real life through which…

Q: Hi please

A: NOTE: Hi! Thank you for the question as per the honour code, we’ll answer the first question since…

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: Is there a need for the government to talk about Economics in layman's term? Justify and explain.

A: Government. in general, is known as the authority that is meant to make major decisions regarding…

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: what did adam  proposed that government should do to help the economy

A: Government is a very important economic unit. It controls an economy and provides various resources…

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: all the three models (Ricardian, Specific Factors and Heckscher-Ohlin) discuss how trade is always…

A: Autarky is a situation in which the economy is closed, that is no foreign trade. The David Ricardo…

Q: In January 2021, the Government cut the JobKeeper subsidy to pandemic-hit businesses for employing…

A: Economic recovery is the period when the GDP and business activity improves after recession.

Q: onstitutional crisis. Illiberal government is in fashion. Peru has just sworn in a Marxist as its…

A: Emerging markets are the markets in which developing economies are included. Developing countries…

Q: If a government agency doesn’t collect enough money in taxes to pay for the programs it created.…

A: In an economy, government makes expenditure on social activities like developing infrastructure,…

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: Suppose that Jacques, an economist from a university in Arizona, and Kyoko, an economist from a…

A: These views of economists are based on normative statement.

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: Comment on the statement:  “Increasing government spending is preferred to a cut in taxes when the…

A: A normative statement refers to a statement that is based on opinion rather than facts or figures.…

Q: The following parts of government regularly rely onthe advice of economists:a. Department of…

A: Economists are those experts who study the association between the resources of a society and its…

Q: WHAT is an example of the government (laws) shaping the economy or vice versa

A: A government can attempt to shape the pace of economic development through supply-side and…

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 fundamental problems and issues facing an economy in general?

A:

Q: 1.9 Read the following extract and answer the question that follows. Unrest and economic…

A: Emerging markets are the markets in which developing economies are included. Developing countries…

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: 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: In your own words, explain what is meant by the "invisible hand" in economics. Use a specific…

A: This idea lines up with free enterprise financial aspects, which comes from the French expression…

Q: Could an economy function without government intervention and what difference does government…

A: Economic systems are classified into three types: free market, mixed, and command. The decisive…

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: In a command economy, the government has no role in the economy and makes no economic decisions.…

A: There are four types of economic systems: 1) Command Economies 2) Market Economies 3) Traditional…

Q: What role of government do you thỉnk is the most important from an economic perspective and why?

A: The economics as a study is associated with the use of resources, where the resources with the…

Q: "Whether it's a husband and wife at their dinner table, whether it's a small or large business, or a…

A: The consumers spend a fraction of income and save a fraction of income earned by them. If the people…