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The economic policies of the federal government from 1921 to 1929 were responsible for the nation's depression of the 1930's--assess the validity of this statement?
The economic policies of the federal government from 1921 to 1929 were not solely responsible for the nation's depression but had a large impact on it. For example, the federal government freely lent money to banks which in turned gave it to their customers.
The ability of the us government to achieve its national strategic objective is dependent on the effectiveness of the us government in employing the instruments of national power which are?
Diplomatic, Informational, Military and Economic
How did Populists and Coxeyites differed from earlier reform groups?
by appealing to federal government for economic and social reforms.
What were the natural resources and economic conditions that encouraged southern planters in America to develop a slave economy before the civil war?
The plentiful farmland and a greater need for labor Type your answer here...What were the natural resources and economic conditions that encourage southern planters to develop a slave economy in the south before the American civil war?</zzz> </zzz>
What was a guiding principle of the New Deal economic policies?
Government must assume more responsibility for helping the poor.
In the classical economic model which of these rather then the government allocates the resources of the nation?
Price RAWRSAURS
What allocates the economic resources of the nation?
scarcity
What is the difference between Keynesian and classical economic theories?
Keynesian economic theory focuses on government intervention to manage economic fluctuations, while classical economic theory emphasizes a hands-off approach with minimal government involvement in the economy.
How did US government use the nation's economic resources during World War 2?
The US Government focused the nation's economic resources primarily on the war efforts.
Would a Republican agree with the classical economic theory?
Classical economic theory held that markets regulate themselves, and don't need any outside intervention, such as that of a government. Modern Republicans would certainly agree with it.
Who made all the economic decisions in a command economy system?
In a command economy system, all economic decisions are made by the government or a central authority. This includes determining what goods and services are produced, how they are distributed, and the prices at which they are sold. The government typically sets production targets and allocates resources according to its economic plans, aiming to achieve specific social or economic goals rather than responding to market forces. As a result, individual consumer preferences and market competition play a minimal role in shaping the economy.
What is the key of this economic system?
The key to an economic system lies in how it allocates resources and distributes goods and services. This involves mechanisms such as supply and demand, market structures, and regulatory frameworks that govern economic interactions. Ultimately, the effectiveness of an economic system is determined by its ability to promote efficiency, equity, and sustainable growth.
Comparison of classical and neo classical economist?
classical economists are those economists who used 'scarce resources' concepts in their economic theories where as neo ones used price output income distribution like concepts in their theories.
In which type of government does the ruler or governing body dicate the types of goods that are manufactured?
In a command economy, which is often associated with a centralized government or authoritarian regime, the ruler or governing body dictates the types of goods that are manufactured. This system contrasts with market economies, where production is determined by consumer demand and market forces. The government typically sets production targets and allocates resources according to its economic plans and goals.
What are the policy implications of the classical school?
The classical school of thought in economics emphasizes minimal government intervention in the economy, promoting free markets and individual self-interest as the driving forces of economic growth. This suggests policy implications such as reducing government regulation, promoting free trade, and allowing market forces to determine prices and allocation of resources. Additionally, policies that support private property rights and enforce contracts are seen as crucial for economic development.
What are the factors of production in an economic system?
The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.
How is north Korea government involved in its economy?
North Korea's government exerts extensive control over the economy through centralized planning and state ownership of all means of production. The Workers' Party of Korea dictates economic policies, and the state allocates resources, sets prices, and controls trade. This system prioritizes military and heavy industry over consumer goods, leading to chronic shortages and inefficiencies. Additionally, the government restricts private enterprise and foreign investment, further entrenching its dominance over economic activity.
