In order to stimulate the economy,the United States governmentlowers personal income tax rates.

Consumers would have more$ to spend ongoods & services

Economic systems answer thequestion of how goods and servicesare produced.

if industries that had beenowned by the gov'tbecome private

Which action could theU.S. gov't employ to protectU.S. auto manufact. fromforeign competition?

increase tariffs and importrestrictions on foreignautos

How did the U.S. government’s rolein the economy change as a resultof the Great Depression?

federal governmentexpanded its role in regulating

Which statement correctly describesthe role of the gov't in acountry with a mixed economy?

gov't makes someproduction/distributiondec. but others = ind

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OGT Economics

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Answers

1
In order to stimulate the economy,the United States governmentlowers personal income tax rates.
The gov't would be lesslikely to engage in deficitspending.
Consumers would have more$ to spend ongoods & services
Businesses would be required tohire more employees.
Manufacturers would have topay more for raw materials.
2
Economic systems answer thequestion of how goods and servicesare produced.
if the government takes controlof family-owned farms
if agricultural & factoryworkers are req'd to join unions
if industries that had beenowned by the gov'tbecome private
if privately owned banksbecome subject to strict regulation
3
Which action could theU.S. gov't employ to protectU.S. auto manufact. fromforeign competition?
increase tariffs and importrestrictions on foreignautos
implement strict control ofcompetition among U.S.auto manu.
create free trade agreementsw/ auto-producingcountries
increase taxes on theproduction of U.S. automobiles
4
How did the U.S. government’s rolein the economy change as a resultof the Great Depression?
fed gov'tmaintained the role it had inecon matters before
Federal gov't had adiminished role regulatingecon activity
fed gov't transferred its role in econ affairs to the state
federal governmentexpanded its role in regulating
5
Which statement correctly describesthe role of the gov't in acountry with a mixed economy?
gov't makes alldec. regarding theproduction/distribution
gov't allowsecon dec. to be madeby the society’s traditions
Gov't exercises nodecision making in economicmatters
gov't makes someproduction/distributiondec. but others = ind
6
In a command economy, thequestion of what goods to produceis primarily determined by
government plans
cultural traditions
corporate policies
decisions by individuals

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