United States Goverment

Standard Four Economic Project

Question 1

U.S Government Promote and secure competition?

  • Enforcing antitrust legislation to discourage the development of monopolies
  • Engaging in global trade
  • Support business start-up

Government agencies that regulate business

Question 2

One of the most significant requirements of a capitalist economic system and one of the most misunderstood concepts, is a strong system of property rights. For decade’s social critics in the United States and throughout the Western world have criticized that “property” rights too often take precedence over “human” rights, with the result that people are treated unequally and have unequal opportunities. Inequality exists in any culture. But the supposed conflict between property rights and human rights is a figment. Property rights are human rights.

Question 3

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 (for some) the tax policy. This division of labor is overpoweringly incorrect. The first set of policy domains is as important for equity as the second. This chapter is concerned with the design of policies for markets and for macroeconomic management. The combination of failing markets and unequal effect, usual in developing countries, is mainly spiteful for equity. It comes in many methods, almost all bad for equity, and most also bad for growth and overall development, at least in the long term. High levels of inequity—specifically unequal power unchecked by institutions—is typically bad both for the resourceful functioning of markets and for the sound behavior of macroeconomic policy. It is the interaction between unequal power and weak institutions that is most costly for development. The associations in cross-country patterns support this.

Question 4

Public good foods in national defense. everyone benefits from the country being defended. Further, the security you feel knowing that there is a national defense system in place is not diminished because other people feel secure too.

Question 5

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.

Question 6

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. The goal is to avoid irregular changes in total output, as measured by Gross Domestic Product (GDP) and large changes in inflation; stabilization of these factors generally leads to moderate changes in the employment rate as well. There is the view that such a system is inherently stable, with market forces tending to direct the economy to a smooth growth path. To support growth, economies need sound legal systems, effective guideline and transparent corporate governance practices. These issues reinforce effective disclosure that is important to well-functioning markets. Sound social frameworks and attention to the long-term impacts, including on the environment, of investment choices and business procedures are also important for sustainable growth. Timely and accurate information assists shareholders in exercising control and investors in allocating funds to their most productive uses. In support, governmental authorities should ensure that corporate reporting assists them in monitoring markets and in identifying vulnerability.

Question 7