please ionly right answers

Economics
Tutor: None Selected Time limit: 1 Day

  1. Analyze the role of government in protecting consumers and enforcing contracts and identify a government agency that provides this protection.
  2. Describe 3 ways in which local and state governments generate revenue and 3 uses of that revenue for public services.
Mar 24th, 2015

1).

The government is responsible for creating marketplaces that are fair, effective and competitive for producers and the traders. It is responsible for the safety of food products through labeling and advertising. It is also responsible for matters like conditions of sale and business practices.

2).

Government receives revenue from intergovernmental transfers. It also gets the revenue from taxes. There are also charges, sales and gross taxes and individual income taxes.

 Uses of revenue for public services

The use of revenue towards the public will involve public finance management. It is used in organizing public charities and private foundations. The revenue is used to generate state run and state owned enterprises.



Mar 24th, 2015

Thank you.

Mar 24th, 2015

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Mar 28th, 2015

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