Business, 10.08.2021 17:20 tay840

For each of the following scenarios involving the U. S. government, determine the primary function of government that is being served. a. The government decides that it will cut taxes in an attempt to move the economy out of a severe recession.

1. Productive function whereby the government redistributes income from rich to poor.
2. Productive function whereby the government promotes economic stability through fiscal policies.
3. Protective function whereby the government enforces property rights.
4. Productive function whereby the government produces goods that are difficult for private markets to supply

b. An entrepreneur incorporates a new business in the state of Delaware so that the firm can enter into a lease to use a factory and purchase raw materials.
1. Reallocating resources
2. Redistributing income
3. Maintaining competition
4. Enforcing contracts

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For each of the following scenarios involving the U. S. government, determine the primary function o...

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