Which of the Following Actions Do Governments Take to Maintain

question 60

Multiple Choice

Which of the following actions do governments take to maintain the capitalist economy?

• A)create and maintain an economic infrastructure
• B)pass laws governing the minimum wage
• C)pass laws and regulations on occupational health and safety
• D)protect consumers from corporate excess
• E)all of these choices

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Definitions:

Nominal Interest Rate

The percentage increase in money that borrowers pay lenders, not adjusted for inflation.

Inflation

The pace at which prices for various goods and services climb, diminishing the value of money to buy them.

Storage Costs

Expenses associated with keeping goods stored in a warehouse or other facility until they are sold or used.

Interest Rate

The interest rate a borrower incurs for the money lent to them by a lender.