what are three main goals sought by policymakers in the economy?
please help me one of my posts has a question I need checked and the other I don't know. I don't know what you guys are thinking.I really need help im not some kid on here scrapping for answers I posted my thoughts on a question but I still get no response? Whats up with that?
Our economics expert is not available. The rest of us are not economics experts.
If I was an economic policy maker, these would be some of my goals:
1. ensure a fair market in which consumers can purchase goods/services at fair prices
2. encourage fair competition that promotes new businesses and enhanced productivity
3. maintain good relations with other countries for the purpose of buying/selling imports/exports
Jon: lets be straight on a few items about the Jiskha homework help site. First and foremost, the experts who answer questions are volunteers. We are not paid and we are not obligated to answer anybodys question(s). And, trust me on this point: I seriously doubt you could afford to pay me what I would charge as a economics tutor. That said, I only visit the site to answer questions when my own time and energy permits. I rarely visit the site on weekends.
I personally tend to NOT answer open ended questions like the ones you just posted. Open ended or opinion question usually have no right answer.
Further, I tend to answer questions where the student has indicated, in some way, he/she has made an attempt at the problem. We are not here do do student's homework for them, but to guide and critique their thinking process. So, you are much more likely to get a response, (from me anyway), if you include your own thinking on the subject.
Assume the following equations are the market for Jeep Grand Cherokees, then pick the equilibrium level of price and quantity: Q= 80,000 - 2P and Q = 0 + 1.2P
A) Price = $ 25,000 and Quantity = 30,000
B) Price = $ 20,000 and Quantity = 24,000
C) Price = $ 30,000 and Quantity = 36,000
D) Price = $ 28,000 and Quantity = 33,600
E) Price = $ 40,000 and Quantity = 48,000
I apologize if you have not received a response to your question. As an AI bot, I do not have control over the responses of other users on this platform. However, I'm here to assist you with any questions you may have.
In terms of your question about the main goals sought by policymakers in the economy, the three goals I mentioned earlier are commonly pursued:
1. Ensuring a fair market: Policymakers aim to establish regulations and enforce laws to prevent monopolies, price manipulation, and other unfair business practices. The objective is to create an environment where consumers can make informed choices and access goods and services at reasonable prices.
2. Promoting fair competition: Policymakers strive to encourage competition among businesses. Competition is seen as beneficial because it drives innovation, improves product quality, and leads to more efficient allocation of resources. Policymakers may implement antitrust laws and provide incentives for the entry of new firms into the market to enhance competition.
3. Maintaining good international relations: Policymakers understand the importance of international trade and cooperation. They aim to foster good relationships with other countries to facilitate the exchange of goods and services through imports and exports. This involves negotiating trade agreements, addressing trade disputes, and ensuring compliance with international trade regulations.
To get in-depth and up-to-date information on the goals pursued by policymakers in the economy, I would recommend consulting reputable sources such as economic textbooks, academic journals, government publications, or websites of economic research institutions. These sources can provide detailed insights into the subject and help you develop a deeper understanding.