Asked by
Farren Aurelia
on Oct 13, 2024Verified
The government performs each of the following economic functions except
A) collecting taxes.
B) spending.
C) issuing regulations.
D) operating the price mechanism.
Economic Functions
The roles and operations of an economy, including production, distribution, and consumption of goods and services.
Price Mechanism
The way in which prices of goods and services affect the supply and demand dynamics within a market, guiding the allocation of resources.
Collecting Taxes
The process by which a government or its authority gathers money from citizens and businesses in the form of taxes.
- Identify the roles and impacts of government in economic systems.
Verified Answer
VD
Learning Objectives
- Identify the roles and impacts of government in economic systems.