Question: With reference to the video in this link https://www.youtube.com/watch?v=uAI70cIGynk List two ways the government can intervene in an economy. What are the possible benefits of

With reference to the video in this link https://www.youtube.com/watch?v=uAI70cIGynk

  1. List two ways the government can intervene in an economy.
  2. What are the possible benefits of a government intervening in an economy?
  3. What are the arguments against government intervention in an economy?
  4. During COVID, the US Government implemented many policy changes to help the economy. Do you think the economy would have improved on its own, without government intervention? Explain.

Step by Step Solution

★★★★★

3.51 Rating (161 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Two ways the government can intervene in an economy 1 Fiscal Policy This involves government actions ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

answer the question clearly You are building a flight-control system for which a convincing safety case must be made. Would you assign the tasks of safety requirements engineering, test case...

Q:

In this question assume that p and q are atomic formulae. (a) Compare and contrast path formulae and state formulae in temporal logic. [4 marks] (b) Describe and contrast the meanings of F(G p) and...

Q:

"Fortran, Algol and Lisp invented most programming language concepts 50 years ago; adding the concept of object-orientation suffices to explain all programming languages to date". To what extent is...

Q:

Hi, I am requesting your help. I am trying to figure how to do with building a business plan. This course-related in Managerial Accounting about the business plan. I appreciated and help me to...

Q:

Please answer the following: 1 ) Form 2 questions about the following article 2) How does the German ordoliberal mainstrain explain the Eurozone crisis? 3) How does the international economic...

Q:

MKT500 Week 8 Discussion Board 8 attached are the questions, scenario, and supportive reading materials. MKT500 DB 8 "The Importance of Social Media and Web Analytics" 1.) From the scenario,...

Q:

URN 09/1026 DIGITAL BRITAIN Final Report JUNE 2009 DIGITAL BRITAIN - Final Report Published by TSO (The Stationery Office) and available from: Online www.tsoshop.co.uk Mail,Telephone, Fax & E-Mail...

Q:

I have asked three questions with my textbook chapter in which they come from. it would be greatly appreciated if you could help me answer these three questions. Thanks so much. :) 1. What is the...

Q:

Describe the types of cybercrimes facing organizations and critical infrastructures, explain the motives of cybercriminals, and evaluate the financial Explain both low-tech and high-tech methods...

Q:

Board CHAPTER 1 Economics: Foundations and Models n this book, we use economics to answer questions such as the following What determines the prices of goods and services from bottled water to smart...

Q:

Zanilly plc is a manufacturing company based in Sheffield. It has one subsidiary, Zany Ltd. Both companies prepare their financial statements by 31 January each year. The statement of profit or loss...

Q:

Toyota builds cars in Japan that are exported to the United States. Explain how this exposure could be hedged using forward contracts on the yen/dollar rate or by borrowing in yen or dollars.

Q:

What are the advantages of using EVA?

Q:

The corners of a rectangle lie on the ellipse (x/a)2 + (y/b)2 = 1. (a) Where should the corners be located in order to maximize the area of the rectangle? (b) What fraction of the area of the ellipse...

Q:

Find the dimension of the parallelepiped of maximum volume circumscribed by (a) A sphere of radius R; (b) An ellipsoid with semi axes a, b, c.

Q:

A disk of radius R rolls without slipping inside the parabola y = ax2. Find the equation of constraint. Express the condition that allows the disk to roll so that I contact the parabola at one and...

Q:

Original activity-based costing, activity-based management (Adapted from CMA, June 1992) Alaire Corporation manufactures several different types of printed-circuit boards; however, two of the boards...

Q:

What information does the cash payback period ignore that is included by the net present value method?

Q:

According to a proposal under Dodd-Frank Wall Street Reform and Consumer Protection Act, lenders who are pooling and securitizing the mortgage loans they create and then selling them off should...

Q:

Why does post-earnings announcement drift appear to be more pronounced with smaller firms? What could be done from a company perspective to rectify this situation? What could be done from a standard...

Q:

Do you think that the income tax return mandated by the federal government is an example of user heterogeneity? Why or why not?

Q:

Why does it make sense to define materiality from the users perspective?

Q:

4. Interview an international student and see what their experiences have been like adapting to and adjusting to a new culture. Did they experience culture shock?

Q:

Blood pressure values are often reported to the nearest 5 mmHg (100, 105, 110, etc.). Suppose the actual blood pressure values for nine randomly selected individuals are 118. 6 2 a. What is the...

Q:

Consider the following data on types of health complaint (J joint swelling, F fatigue, B back pain, M muscle weakness, C coughing, N nose running/ irritation, O other) made by tree planters. Obtain...