Government intervention may be necessary for an economy to increase its living standards in the long run.

Name: Government intervention may be necessary for an economy to increase its living standards in the long run.
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Question

Quizplus · Accepted Answer

While there is debate about the extent and type of government intervention needed, many economists agree that certain interventions, such as investing in education and infrastructure, can bolster economic growth and raise living standards over time.

Government Intervention May Be Necessary for an Economy to Increase