The U.S. Constitution enumerates the powers given to the federal government, and the Supremacy Clause provides that state laws cannot conflict with federal laws in these areas. True or False?

Q: What is the value base of communitarian capitalism?

A: The philosophy of communitarianism emphasises the individual's relationship to the greater…

Q: Regarding the problem/article below, as a professional in economics, do you think it is necessary…

A: The markets are considered to be of utmost importance for the development and growth of the…

Q: To what extent should government influence the economy of a democracy such as the United States?

A: In every economy, the government takes decisions to achieve the desired growth rate. The government…

Q: a justification for government intervention in the economy arises from the fact that market systems…

A: Government intervention: Government intercession is any activity done by the public authority or…

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: Why are efficiency taxes preferred to regulatory policies as methods remedy externalities?

A: Externalities alludes to circumstances when the impact of creation or utilization of labor and…

Q: A set of ideas, values and beliefs about government and society That helps people make sense of…

A: Answer: Ideology: Ideology refers to the set of ideas, beliefs, manner of thinking, etc. of a person…

Q: Is market failure either necessary or sufficient for government intervention

A: Market failure refers to a situation when the allocation of goods or services by the forces of free…

Q: Think of two ways the government affects life, one you perceive as positive and one you perceive as…

A: Regulators, taxation, and subsidies are all used by the government to address market…

Q: In Germany in 2009 there was considerable debate about the extent to which the government should be…

A: 1.In 2009, when Germany was facing a recession, the government had to intervene in order to take the…

Q: What can cause the Coase Theorem to break down?

A: Coase Theorem:- The Coase theorem is a solution to the dilemma of the catastrophe of the commons…

Q: Is “fairness” the economic basis for government laws and regulations designed to remedy market…

A: Market Failure: The market failure is a situation when the price mechanism leads to an inefficient…

Q: Suppose a political candidate criticizes a government pollution permit policy that she says lets…

A: The political candidate's argument disputes with standard economic idea because tradable pollution…

Q: To start off, can you think of examples of how we have watched (or are watching) the law respond to…

A: There are two ways 1. Helps the society change with its laws 2. 2. Changes itself for a better…

Q: Analyze three ways that societies can organize themselves economically. Justify reasons most modern…

A: The three ways in which societies organize themselves economically are discussed below:

Q: Why Democratic governments favour Rule Utilitarianism. Give a specific detailed example of a…

A: Utilitarianism is a moral philosophy that promotes behaviors that bring happiness or pleasure while…

Q: Match the following: the property of distributing economic prosperity uniformly among the members of…

A: 1)The property of distributing economic prosperity uniformly among the members of society-equality.…

Q: Which of the following is true of state constitutions? A. They tend to be shorter than the U.S.…

A: When talking about state's government, it is one of the level of government to regulate the economy.…

Q: Question 3 During the          ["Tang", "Sui", "Song"]         dynasty, sports became less…

A: The period of the Tang dynasty was a time of rapid growth in China, where the economy flourished to…

Q: According to Smith, when private individuals are left free to seek their own interests in free…

A: Adam Smith was said to be the Father of economics.

Q: terms of the four major theories of the social responsibility of business. which one of the…

A: 1a) Ethical Action one of the hypotheses I most enthusiastically support, and on the grounds that…

Q: How do stare decisis and legal reasoning relate to each other? When is the Supreme Court justified…

A: Stare decisis is a legal principle. It requires courts to follow precedent when making decisions in…

Q: According to James Madison and other framers' understanding of republicanism, the best form of…

A: Introduction James Madison and other framers thinks that republicanism is the best form of…

Q: Because the free market (competitive) equilibrium maximizes social efficiency, why would the…

A: Government intervention signifies the actions taken by the government to alter the behavior of…

Q: Common resources area. efficiently provided by market forces.b. underprovided in the absence of…

A: Common resources are non-excludable but rival in consumption. Everyone accesses the common resources…

Q: For which of the following problems can well-designed public policy enhance economic efficiency?…

A: Economic efficiency is achieved where all the factors of production and goods are allocated to the…

Q: According to Locke, the power of government should be:Expanded to meet the needs of all…

A: According to Locke, the power of government should be to maintain peace and transactions in the…

Q: How does economic rationale and/or political/government/business insights gained from other classes,…

A: We feel that economic rationale most certainly assumes a part in our point of view on this issue. We…

Q: How does the historical institutionalist approach of political economy differ from rational choice…

A: Old Institutionalism, an approach to the analysis of politics that centre on forma institutions of…

Q: policies government can have in place  to increase perfect competition in the market

A: Perfect competition is a market system in which all producers and consumers have complete and…

Q: Which of the following is not explicitly written in the Constitution? Group of answer choices…

A: The answer is - Freedom of privacy

Q: 1. One of the key underpinnings of public choice analysis is the assumption that politicians and…

A: Public Choice Analysis studies the decision making process of public with the help of economic tools…

Q: Explain why externalities pose a problem for the utilitarian/invisible hand argument

A: The Invisible hand argument by Adam Smith Suggests that the consumers as well as the firms will…

Q: Analyze how and to what extent the American Revolution demonstrated total societal change across…

A: American revolution:  The settlement of Europe started in the American economy during 1500-1600, war…

Q: Adam and Catherine are choosing between two ice cream shops, Icy and Frosty, located at either end…

A: Willingness to pay is referred to as the maximum price a customer would be willing to pay for a good…

Q: Identify the aspect of taxation which is related to normative economics

A: Normative economics tells what should be done in an economy or what is the ideal situation for the…

Q: what is the appropriate balance between government and freedom in the American democracy? Do you…

A: A) There is no "appropriate balance" since times change, innovation changes, dangers to the country…

Q: In Germany in 2009 there was considerable debate about the extent to which the government should be…

A: Government intervention refers to the act of the government regulating the economy or markets and…

Q: Markets work; government does not. Explain your answer.

A: Market is a physical place where buyer and seller meet to sell goods and services. Market works…