Economists Goals Flashcards
1
Q
Promote economic prosperity
A
Public investment, research, education, lower inflation.
2
Q
Promote business development
A
Tariffs, subsidies, free-trade agreements e.t.c
3
Q
Promote consumers and employees
A
Labour standards, workplace conditions
4
Q
What are the four questions of economics?
A
- What to produce?
- How to produce it?
- How much should we produce?
- Who should we distribute it to?
5
Q
Promoting stable markets
A
Regulations, standards, laws
