The Question of Whether Current Public Functions Should Be Performed

question 83

Multiple Choice

The question of whether current public functions should be performed by the goverrnnent or private sector is addressed by

• A)industrial policy.
• B)privatization.
• C)central planning.
• D)moral suasion.

---

Definitions:

Business Cycle

The natural rise and fall of economic growth that occurs over time, including periods of expansion, peak, contraction, and trough.

Expansion Phase

Refers to the period in a business cycle or economy where growth and production increase and the overall economic activity rises.

Employment

A formal relationship between an individual and an employer where the individual performs tasks in exchange for compensation, such as salary or wages.

Economy's Ability

Refers to the capacity of an economy to produce goods and services, generate employment, and sustain economic growth.