Economic interdependence means that economic policies must balance the needs of:

a. all governments in the world.
b. governments, individuals, and businesses.
c. small businesses and large corporations.
d. both wealthy and poor individuals.

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Chika IlonahLv10

13 Jan 2021

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Appropriate policies for governments to adopt in an attempt to fuel long-term economic growth may include

Appropriate policies for governments to adopt in an attempt to fuel long-term economic growth may include: Answers []protecting domestic producers from foreign competition []granting patents that will give innovators a legal monopoly on some invention for 20 years []providing institutions that will protect private property rights []providing education only to those who can afford to pay for it []restricting immigration from other nations []reducing the population growth rate []encouraging people to save a greater portion of their incomes and spend less []assuring that even the poor have health care []Allowing big businesses who employ huge numbers of Americans to go bankrupt

In a free enterprise system, governments address public problems through policy to ensure that:

a. citizens' needs are met and protected.

b. economic operations of businesses are controlled.

c. workers earn more than workers in other countries.

d. the nation's level of productivity remains steady.

ambertiger96

1.Suppose that aggregate demand increases by $1 billion, what would happen to equilibrium RGDP? Explain.

2.When the price level is falling, we experience deflation. This occurred in Japan not to long ago. What do you believe causes deflation? How might individuals and businesses react to deflation in a way that worsens it?

3.What would changing the rules to Employment Insurance payments so that it was more difficult to collect, do to potential GDP?

4.What can governments in Canada do to encourage economic growth?