Economics

Identify whether each of the following inputs is a fixed cost or a variable cost.
December 25, 2020
What effect do you think a tax on messages would have on the amount of spam sent on the Internet?
December 25, 2020

1.       Describe the limits and downsides of government action.

2.       List and illustrate circumstances in which government intervention in the economy may be useful.

3.       Which of the following measure the relative importance of government in the economy?  a) The number of cars per person. d) Government spending as a share of GDP. b) Government employment as a share e) Total taxes collected. of total employment. c) Energy use per person.

 

4.       Which of the following programs were part of the New Deal?  a) National Public Radio. d) Federal minimum wage. b) Medicare. e) Environmental Protection Administration. c) Social Security.