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Explain the rationale behind the prevalence of electoral cycles in the world in
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- Which federal policies have contributed to these trends?what is the economic impact of government overreach? How is this seen in the current and past economies? Answer In own wayCan democracy survive if a majority of the citizenry pay little or nothing in taxes while benefiting directly from a higher level of government spending?
- Briefly explain the main macroeconomic aims of government policy?In what ways is a direct democracy more democratic than a representative democracy?How do you see the actions of America's national government affecting your everyday life? What effect, if any, do you believe a more politically involved citizenry have on policy outcomes
- Briefly explain why the principle that the majority of voters should decide an election outcome may not always make logical sense.Every modern society has a government of some sort, and every society has an economy as well. But how do the government and the economy intersect in society? That debate is prevalent in the United States today: how much influence should the government have on businesses, workers, and the economy? Some people say that the government should not have much influence on the economy—only the minimum necessary to ensure that society functions well. Others say that the government should ensure fair and equitable distribution of resources for all companies and workers. Still others say that the role of the government falls somewhere between those two extremes. You can start thinking about the intersection of government and the economy in the United States by considering your everyday life. From the time you get up in the morning until you go to bed at night, what contacts do you have with the government? Which of those contacts are related to the economy?One of the things that Theodore Roosevelt tried to do, both as a President, and later, as a presidential candidate, was to define the role of the federal government. A big piece of the puzzle was to determine the way that the federal government would relate to big business, particularly big business serving a public function. In Europe, many national governments chose to take ownership of some businesses, particularly railroads and public utilities. Roosevelt had a different take on the role of the federal government of the United States. What role did Roosevelt think was proper for the federal government, and why?
- What are the implications of a free government system in an economy?How can tax incidences have a positive and negative impact on the economy?Economics Discuss the median voter theory? Discuss the problem of collective action in political economy. Discuss why agriculture producers may receive protection but consumers are unlikely to lower the tariff rates.