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?

 

 

 

 

 

 

 

 

 

 

 

Answers to Chapter 6 Homework Questions Table of Contents
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