Standard IV Economics Project
1. How does the Unites States Government promote and secure competition in a market economy?
The government protects and secures and protects competition in a market economy by making sure no one has to much money or power. Laws created in 1890 and 1913 prevented that called the anti monopoly laws.
2. How does the United States Government protect private property right in the market economy?
A property right is the exclusive authority to determine how a resource is used, whether that resource is owned by government or by individuals. Society approves the uses selected by the holder of the property right with governmental administered force and with social ostracism.
3. How does the U.S. Government promote equality in a market economy?
Access to markets lies at the middle of economic opportunity. It is a fundamental Accomplishment for policies to provide people with skills and resources to follow a life of their Choosing. Enquiries of the design of market-related reforms and macroeconomic procedure are often distributed to hard-headed ministry of finance types, instruction and trade economists, financial professionals. By distinction, policies for equity, including those for managing the consequences of market and instruction conditions, are typically considered the domain of the social subdivisions, infrastructure services, justice systems and the tax policy. This division of labor is overpoweringly incorrect.
4. How does the U.S. Government promote public goods and services in a market economy?
The U.S. government promotes public goods and services by sometimes when a market failure happens. Another way the government promotes goods and services is by free riders, a free rider is a person who aviods paying for a good or service but benefits from it.
5. How does the U.S. government resolve externalities and other market failures in a market economy?
When market occur, the government some times provides the good or service. Goods and services that are provided by the government and consumed by public as a group called public goods. Public goods have two characteristics. First people cannot excluded from the benefits of the product even though they do not pay for it. Second, one person's use of the product does not reduce its usefulness to others.
6. How does the U.S. government stabilize and promote growth in a market economy?
A strategy enacted by governments and central banks to keep economic growth stable, along with price levels and unemployment. Ongoing stabilization policy includes monitoring the business cycle and adjusting benchmark interest rates to control total demand in the economy. There is the view that such a system is inherently stable, with market forces tending to direct the economy to a smooth path. To support growth, economies need sound legal systems, effective guidelines, and corporate governance practices.