The Role Of Government Flashcards
(8 cards)
1
Q
Role of gov
A
Improve general welfare of ppl
2
Q
Local role
A
Collect taxes to fund local services
3
Q
National role
A
Make decision on how to achieve macroeconomic aims
4
Q
Trading bloc
A
Free trade area that promotes free movement of factors of production between member countries
5
Q
Fiscal policy
A
How to raise money through taxation
6
Q
Monetary policy
A
Gov. Instruct central bank to decide interest rates
7
Q
Supply side policy
A
Change level of minimum wage
8
Q
International rilr
A
To trade w other countries
