15. AG - ECN - Fed. Reserve, Tax-Spend, Cost-Benefit (Stds 20, 2

When the Government wants to CONTRACT the economy, what is one TOOL it might use?

• Decrease government spending
• Decrease interest rates
• Increase government spending
• Decrease taxes

After a call for reforms by a citizens' group, the government decides that increased regulations on the manufacture of cars are needed to ensure the correct types of airbags are used in the production of all cars. These regulations have economic costs and benefits for consumers. Is the following an economic cost or an economic benefit? The amount of time needed to produce cars increased.

• Economic Cost
• Economic Benefit

After a call for reforms by a citizens' group, the government decides that increased regulations on the manufacture of cars are needed to ensure the correct types of airbags are used in the production of all cars. These regulations have economic costs and benefits for consumers. Is the following an economic cost or an economic benefit? Fewer injuries occurred, reducing the need for medical care.

• Economic Cost
• Economic Benefit

After a call for reforms by a citizens' group, the government decides that increased regulations on the manufacture of cars are needed to ensure the correct types of airbags are used in the production of all cars. These regulations have economic costs and benefits for consumers. Is the following an economic cost or an economic benefit? The average price of cars increased

• Economic Cost
• Economic Benefit

When the government requires that citizens pay for social security benefits, the money paid into the program by citizens is an:

• Economic Cost
• Economic Benefit

When the government requires seat belts in cars, the increased price of the car is an:

• Economic Cost
• Economic Benefit

When the government requires that food be inspected for safety, the increased price of the food is an:

• Economic Cost
• Economic Benefit

When the government requires seat belts in cars, the increased safety for the consumer is an:

• Economic Cost
• Economic Benefit

When the government requires that citizens pay for social security benefits, the healthier society as a result of a universal right to healthcare is an:

• Economic Cost
• Economic Benefit

The value RECEIVED by pursuing a course of action is:

• Economic Cost
• Economic Benefit