Name the problems government faces in directing and managing the economy

Please provide the best answer for the statement.

Government faces various problems when directing and managing the nation. (1) Government economic policies are not self-correcting. Government intervention has difficulty dealing with the allocation of resources when a change occurs in the market. (2) The massive size and scope of the economy can make identify and correcting inefficient plies difficult. (3) A large government requires many government employees. The bureaucracy can lead to inefficiencies due to its large size and hierarchical nature. (4) To ensure all laws are enforced and consistent, the bureaucracy is inflexible and requires a significant amount of paperwork and regulation. (5) Due to the size and scope, the bureaucracies have difficulty collecting and distributing information along the chains. (6) The size and scope of the bureaucracy also make it difficult to sure the proper individuals are held accountable. Small programs may be running inefficiently without influencing reelection and appointment chances.

Economics

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Limit commitment occurs when

A) collateral is required to get a loan. B) one cannot borrow as much as necessary to conduct business. C) one cannot be forced to repay a loan. D) the bank can sell your loan to another bank.

Economics

A labor market application of the legal cartel theory of regulation would be:

A. Unemployment benefits B. The Full Employment Act C. Equal Employment Opportunities provisions D. Occupational licensing

Economics