12 questions
The ups and downs of the economy, which the government must sometimes step in to stabilize due is known as the
Regulatory cycle
Business cycle
Fiscal Policy
Monetary Policy
Which is not an example of a publicly owned industry intended to provide goods and services more efficiently to the public?
Postal service
Public transportation
Airline industry
Utilities such as gas, water, electric
Market failures occur when
the accumulation of wealth in the free market is shared between a large group of people
a command economy increases production
the economy has a strong GDP and low interest rates
the distribution of goods and services in the free market is not efficient and leads to loss of social wellbeing