What role does the u. s. government play with respect to market competition? question 31 options: it policies anticompetitive behavior and prohibits contracts that restrict competition. it preserves competition by maintaining abundant government-owned firms to ensure consumer friendly pricing. it preserves competition by regulating prices and intervening in the price and output decisions of businesses. it enhances competition by deregulating?

Should the government be downsized? which functions should be cut back? which ones should be expanded?

Which of the following best describes the economic effect that results when the government increases interest rates and restricts the lending of money? a. borrowing money becomes more expensive and there is less investment in production. b. the economy grows as investments result in larger profits. c. government spending drives up prices because of greater competition for goods and services. d. consumers save more money and spend less buying goods and services.

In the supply-and-demand schedule shown above, at the lowest price of $50, producers supply music players and consumers demand music players.