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topjm [15]
2 years ago
9

1. What are the 6 economic functions of the U.S. government?

History
1 answer:
Drupady [299]2 years ago
7 0

Answer:

<em>Maintaining a legal and social framework, maintaining competition, providing public goods and services, redistributing income, correcting for externalities, and ensuring stability.</em>

Explanation:

<em>Maintaining a legal and social framework- creating laws and regulating trade, FDA, Securities and Exchange Commission, Federal Reserve</em>

<em>Maintaining competition- antitrust laws, regulating natural monopolies</em>

<em>Providing public goods and services- national defense, sewer systems, basic radio and television, national parks, and emergency warning systems</em>

<em>Redistributing income- Social Security, Medicare, and Medicaid</em>

<em>Correcting for externalities- taxing carbon emissions, Federal Emergency Management Agency, Environmental Protection Agency</em>

<em>Ensuring stability- Federal Reserve System</em>

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