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What event led to widespread calls for greater government involvement in the economy?

the great depression


Opportunity costs of a greater government role in the economy?

no control for the businesses so they have to pay for higher expectations and limitations.


What are some opportunity costs of a greater government role in the economy?

greater role were costly to implement, cutting into profits, slowing growth, and force businesses to charge unnecessary high price


What are some opportunity costs of greater government role in the economy?

greater role were costly to implement, cutting into profits, slowing growth, and force businesses to charge unnecessary high price


A form of government in which the people vote firsthand?

A form of government in which the people vote firsthand is known as direct democracy. In this system, citizens participate directly in decision-making processes, rather than electing representatives to make decisions on their behalf. This allows for greater public involvement and can lead to more immediate reflection of the people's will in governance. However, it can be challenging to implement in larger societies due to practical difficulties in facilitating widespread participation.


Assume that a change in government policy results in greater production of both consumer goods and investment goods?

this economy's ppc is convex to the origin


What was the wing position on the economy?

The wing position on the economy typically refers to the ideological stance of political parties or groups, with the right wing often advocating for free-market policies, lower taxes, and limited government intervention, while the left wing tends to support greater government involvement in economic regulation, social welfare programs, and wealth redistribution. In general, the right wing prioritizes individual entrepreneurship and economic growth, whereas the left wing emphasizes social equity and the protection of vulnerable populations. The specific policies and priorities can vary widely based on the country and its political context.


Which generally occurs as a nation moves from an agricultural economy to an industrial economy?

There is a greater need for education and training


What is meant by the mixed economy of welfare?

A Mixed economy is an economy where the participants pay tax and other fees to support a government whose job it is to look after the defence of the country, the law and enforcement of law and infrastructure, which includes the welfare to a greater or lesser degree of its citizens. The countries that have this sort of economy are the best and most secure places to live. Tax charges go up as income does.


Why was the period that proceeded World war 1 called the progressive era?

The period preceding World War I, known as the Progressive Era, was characterized by widespread social, political, and economic reforms aimed at addressing the challenges posed by industrialization, urbanization, and corruption. Reformers sought to improve working conditions, expand suffrage, regulate monopolies, and promote social justice through various movements, including labor rights and women's suffrage. This era represented a shift towards greater government intervention in the economy and society, as reformers believed that active government involvement was essential to achieving progress and equality. The Progressive Era laid the groundwork for significant changes in American society and governance, influencing policies and attitudes well into the 20th century.


When was Royal Commission on Local Government in Greater London created?

Royal Commission on Local Government in Greater London was created in 1957.


What factors do you think allows some time periods to have greater political corruption than other time periods?

Economy, type of government, and the type of person that is being corrupted. Feel free to add to this if you like.