Q#13) The former Tea Party and Trump factions with the Republican Party would like the government to limit its direct intervention in the private sector while lowering taxes and eliminating government regulations. Which theory of economic growth is being utilized? (a) Malthusian Theory (b) Neo-Classical Theory (c) New Growth Theory
Answer the following:
Q#13) The former Tea Party and Trump factions with the Republican Party would
like the government to limit its direct intervention in the private sector while
lowering taxes and eliminating government regulations.
Which theory of
(a) Malthusian Theory (b) Neo-Classical Theory (c) New Growth Theory
Q#14) Does allowing for private property and property rights promote economic
growth through time? Which best summarizes the view of economists?
(a) Yes. Profit incentives that undergird investment and innovation would be
undermined unless private property rights are protected.
(b) No. The public interest and the public welfare cannot be promoted unless
private companies are controlled and even operated by the government.
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