Note:- please A & B has ben worked I need C and D. Thank you 4. Directions: Below is a list of the six economic functions of government, followed by a set of 12 (fictitious) newspaper headlines. Decide which of the six economic functions is referred to, directly or by implication, in each headline. Classify each headline according to the six functions by writing in the letter of the economic function that best fits that headline. The Six Economic Functions: a. Maintain the Legal and Social Framework b. Maintain Competition c. Provide Public Goods and Services d. Correct for Externalities e. Stabilize the Economy f. Redistribute Income The Headlines: ____ 1. Federal Reserve Raises Key Interest Rate ____ 2. Congress Raises Tax Rates for Top Income Brackets ____ 3. EPA Plan to Reduce CO2 Emissions ____ 4. Homeland Security Funding Increased ____ 5. President Says More Spending Will Fight Recession ____ 6. Agency Blocks Merger of Two Airlines ____ 7. City Police Increase Neighborhood Patrols ____ 8. Lawsuit Establishes Patent Rights ____ 9. Legislature Passes Funding for Subsidized Housing ____ 10. New Info from Government Agency Helps Consumers Choose Wisely ____ 11. Songwriter Sues Singer; Says Song Stolen ____ 12. County Funds Free Flu Vaccinations
Note:- please A & B has ben worked I need C and D. Thank you 4. Directions: Below is a list of the six economic functions of government, followed by a set of 12 (fictitious) newspaper headlines. Decide which of the six economic functions is referred to, directly or by implication, in each headline. Classify each headline according to the six functions by writing in the letter of the economic function that best fits that headline. The Six Economic Functions: a. Maintain the Legal and Social Framework b. Maintain Competition c. Provide Public Goods and Services d. Correct for Externalities e. Stabilize the Economy f. Redistribute Income The Headlines: ____ 1. Federal Reserve Raises Key Interest Rate ____ 2. Congress Raises Tax Rates for Top Income Brackets ____ 3. EPA Plan to Reduce CO2 Emissions ____ 4. Homeland Security Funding Increased ____ 5. President Says More Spending Will Fight Recession ____ 6. Agency Blocks Merger of Two Airlines ____ 7. City Police Increase Neighborhood Patrols ____ 8. Lawsuit Establishes Patent Rights ____ 9. Legislature Passes Funding for Subsidized Housing ____ 10. New Info from Government Agency Helps Consumers Choose Wisely ____ 11. Songwriter Sues Singer; Says Song Stolen ____ 12. County Funds Free Flu Vaccinations
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter31: The Impacts Of Government Borrowing
Section: Chapter Questions
Problem 22CTQ: Explain why the government might prefer to provide incentives to private firms to do investment or...
Related questions
Question
Note:- please A & B has ben worked I need C and D.
Thank you
4. Directions: Below is a list of the six economic functions of government, followed by a set of 12 (fictitious) newspaper headlines. Decide which of the six economic functions is referred to, directly or by implication, in each headline. Classify each headline according to the six functions by writing in the letter of the economic function that best fits that headline. The Six Economic Functions:
a. Maintain the Legal and Social Framework
b. Maintain Competition
c. Provide Public Goods and Services
d. Correct for Externalities
e. Stabilize the Economy
f. Redistribute Income
The Headlines:
____ 1. Federal Reserve Raises Key Interest Rate
____ 2. Congress Raises Tax Rates for Top Income Brackets
____ 3. EPA Plan to Reduce CO2 Emissions
____ 4. Homeland Security Funding Increased
____ 5. President Says More Spending Will Fight Recession
____ 6. Agency Blocks Merger of Two Airlines
____ 7. City Police Increase Neighborhood Patrols
____ 8. Lawsuit Establishes Patent Rights
____ 9. Legislature Passes Funding for Subsidized Housing
____ 10. New Info from Government Agency Helps Consumers Choose Wisely
____ 11. Songwriter Sues Singer; Says Song Stolen
____ 12. County Funds Free Flu Vaccinations
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax