Which of the following statements about government intervention in the U.S. economy is FALSE?
A) Businesses in industries such as pharmaceuticals and food production are subject to government regulations.
B) Government intervention occurs in the business sector, the household sector, output markets, and input markets.
C) Government tax and expenditure programs are generally not considered forms of intervention into the economy.
D) Government intervention into the economy includes setting the legal framework within which businesses and households must operate when dealing with one another.
Correct Answer:
Verified
Q84: Which of the following would NOT be
Q85: An example of government intervention in output
Q86: An example of government intervention in the
Q87: Direct government intervention in the household sector
Q88: Government taxing and spending policies can influence
Q90: In a planned economy the three basic
Q91: In a planned economy:
A) free enterprise is
Q92: A country that allows no market activity
Q93: An economic system where many of the
Q94: A socialist system:
A) shares the same essential
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