What are the limitations to government’s role in the economy?
Please provide the best answer for the statement.
Although there are many roles for government to play in the economy, the task is not an easy one. Government actions and policies are decided in a political arena. The political problems can complicate the role of government and in some cases produce undesirable outcomes.
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An individual is endowed with $100 of income in period 1, and will receive an income of 121 in period 2. The interest rate is 10%, and there are only 2 periods. In order to have the same level of consumption in both periods, each period’s consumption must be
a) 80 b) 100 c) 110 d) 110.5 e) 121
Consumers can reduce their information disadvantage by investigating consumer satisfaction surveys.
Answer the following statement true (T) or false (F)