ECONOMICS
FISCAL POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Consumers protected from harm
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Decreased profits for corporations
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More rainbows, unicorns, and narwhals.
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more money in consumer’s pockets
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Detailed explanation-1: -The regulatory role of the government involves formulating and implementing various direct and indirect measures to monitor and regulate the economic activities of the private sector.
Detailed explanation-2: -Government regulations are effectively rules that define the bounds of legal behavior. Most regulations are expressed in a natural language (e.g., English), a form that requires some interpretation.
Detailed explanation-3: -Taxes, subsidies, price controls, regulations, minimum wage legislation, and government bailouts are all examples of different kinds of government intervention in the economy. The government may intervene to prevent a monopoly, to boost a struggling economy, or when poverty is worsening.
Detailed explanation-4: -Corporations have the most government regulation. Compare the liability of the owners of partnerships, sole proprietorships, and corporations.