ECONOMICS
TECHNOLOGY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
The government can pay for projects to create work.
|
|
|
The government can control factories to provide jobs.
|
|
|
The government can create new farm fields to hire workers.
|
|
|
The government can raise taxes to encourage employment.
|
Detailed explanation-1: -The government can pay for projects to create work. The government can control new factories to provide jobs. The government can create new farm fields to hire workers . The government can raise taxes to encourage employment.
Detailed explanation-2: -Governments may seek to redistribute wealth by taxing the private sector and by using funds from taxes to promote social objectives. Trade protection, subsidies, targeted tax credits, fiscal stimulus, and public-private partnerships are common examples of government intervention in mixed economies.
Detailed explanation-3: -The strategies that the government has undertaken to reduce unemployment are: The government has introduced various schemes for creating self-employment opportunities in rural areas. Swarna Jayanti Gram Sewa Rozgar Yojana (SGSY) is one of those schemes of 1999.
Detailed explanation-4: -Whenever government interferes in market prices, catallaxy is distorted, causing misallocations of resources and deadweight losses. Despite their best intentions, mixed economies are a burden on the price mechanism.
Detailed explanation-5: -The transition to a market economy would require state intervention alongside market liberalization, privatization and deregulation. Rationing of essential consumer goods, trade quotas and tariffs and an active monetary policy to ensure that there was sufficient liquidity to maintain commerce might be needed.