Critical Thinking Questions -What Is the Proper Role of the Government in Regulating

question 12

Essay

Critical Thinking Questions
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-What is the proper role of the government in regulating the private sector so people are protected from unfair or dangerous business practices? Why?

Grasp the marginal productivity theory of income distribution and its criticisms.

Understand the application of the marginal productivity theory in income distribution.

Identify factors affecting the firm's decisions on resource hiring in competitive markets.

Explain the impact of technology, like ATMs, on resource demand and employment.