Question

Select all that apply.

Select the items that describe how the government is involved in the economy.

provides public goods
collects taxes
enforces antitrust laws
imposes price floors and ceilings
carries out fiscal policy

Answer 1

A: provides public goods

B: collects taxes

C: enforces antitrust laws

D: imposes price floors and ceilings

E: carries out fiscal policy

Step-by-step explanation:

The government is an economic player responsible for regulating the environment so that transactions are executed securely and benefit everyone. Therefore, the government regulates the markets to prevent the occurrence of trusts. The government is also responsible for providing public goods, which are the assets of the whole society, such as squares and parks, and is also responsible for conducting fiscal policy, which consists of tax collection and public spending through investments. Some governments also set price caps or floors for certain goods, such as gasoline. However, this is not a well-evaluated policy. Ideally, the government should not interfere with the prices of goods and services.

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