Economists Differ in Their Views of the Role of the Government

question 1

Multiple Choice

Economists differ in their views of the role of the government in promoting economic growth.A controversial idea is that government should

• A)lend support to the invisible hand by maintaining property rights and political stability.
• B)lower barriers and impediments to free trade.
• C)encourage capital formation.
• D)target and subsidize specific industries important for technological progress.

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Definitions:

Neuroticism

A personality trait characterized by anxiety, fear, moodiness, worry, envy, frustration, jealousy, and loneliness.

Big Five

A model of personality that outlines five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Personality

A person’s characteristic patterns of behaving, thinking, and feeling.

Neurotransmitters

Chemical messengers in the nervous system that transmit signals across the synapse from one neuron to another.