Answer:
This is supposed to be based on your own opinion
Explanation:
The answer to this question is Shortages.
Price control put a limit on how high the price could be put by the sellers toward a certain product.
This limitation often make produces feel discouraged in selling those products because of the lower profit which make the market experience a shortage in that products
Answer:
Explanation:
Insurance protects people. Many federal government programs protect people from losses. So the government can be considered as offering insurance. For example workers pay into a program which will provide payments during emergencies. Another case is federal taxes which fund various financial assistance programs. In conclusion, the federal government provide "insurance" to people.
Entrepreneurship - people who run business and create the business themselves
1. The correct answer is Medicaid.
Medicaid is a distribution program that provide assistance to those who are disadvantaged or unemployed.
Medicaid provides health coverage or nursing home coverage to certain categories of low-asset people, these includes pregnant women, parents of eligible children, people with disabilities and the elderly.It covers doctor visits, hospital expenses, nursing home care, home health care, etc.
2.The answer is Education
Education is the redistribution programs that can significantly increase the level of output of a nation by improving the human capital and efficiency of the workforce. The education and training of a country's workforce is a major determiner of how well the country's economy will perform. It is important to understand that globalization and international trade requires countries and their economies to compete with each other. Economically successful countries will hold competitive and comparative advantages over other economies.
3. The characteristic of a public good would be ; the cost to build it is the same, regardless of how many people use it.
A public good is a shared good or service for which it would be impractical to make consumers pay individually and to exclude non payers; any number of consumers can use them without reducing the benefits to a single consumer. In other word it is something that we need and makes life better, that the free market won't provide; for example roads, dams, lighthouses, etc.
