Chapter 6 Government's Economic Functions Homework Questions
1. Is the federal government doing a good job accomplishing its
economic functions?
2. Is the benefit received by citizens from government economic activity
linear in relation to income?
A. That is, does a person earning $100,000 annually receive
approximately twice the benefit received by someone earning $50,000?
B. If not, what does a graph of the relationship look like?
2. What are the advantages and disadvantages of a market system?
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