Correct Answer: Monetary policies. The total supply in an economy ii. Privatization: the act of moving a formerly public sector/nationalized firm to the private sector. Georgist economic theory describes rent-seeking in terms of land rent, where the value of land largely comes from government infrastructure and services (e.g. If a business or operation has lots of rules or regulations on it, that could be very costly. To achieve these objectives it … Today, we’re going to wrap up our discussion of economic policy by looking at government regulation. Examples of laws and regulation. Correct Answer: A politically popular idea. At times, the government has extended economic control to other kinds of industries as well. Question 5 5 out of 5 points Around the world, government: Answer Selected Answer: Correct Answer: Sometimes cooperates and sometimes is in conflict with business. iii. Question 8 5 out of 5 points Economic regulations: Answer Selected Answer: Correct Answer: Cut across industry lines. The economy operates with a huge and growing amount of regulation. Conflict can occur between public services and commercial procedures (e.g. Question 3 3 out of 3 points The Mullahs in Iran is an example of the power of government derived from: Selected Answer: Monetary policies. The government can deregulate it to increase aggregate supply. Question 2 3 out of 3 points Deregulation is often: Selected Answer: A politically popular idea. Exploitation of labour. roads, public schools, maintenance of peace and order, etc.) Regulations can limit or prevent: Demerit goods (alcohol, drugs, smoking) Goods with negative externalities (burning of coal) Abuse of monopoly power. The Combined Communications-Electronics Board (CCEB) is comprised of the five member nations, Australia, Canada, New Zealand, United Kingdom and United States and is the Start studying Economics 12 H. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Question 7 5 out of 5 points Government’s role is to create and enforce laws that: Answer Selected Answer: Correct Answer: Balance the relationship between business and society. The total demand in an economy. chapter 6 section 3 the role of prices quizlet, UNCLASSIFIED ACP 121(I) i FOREWORD 1. Aggregate Supply i. Regulation is generally defined as legislation imposed by a government on individuals and private sector firms in order to regulate and modify economic behaviors. and the community in general, rather than from the actions of any given landowner, in their role as mere titleholder. To overcome market failure, the government may place laws and regulations which prohibit certain behaviour and actions. Policies that affect the supply, demand, and value of a nation’s currency are: Answer Selected Answer: Monetary policies. Correct Answer: Cut across industry lines. 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