Asked by

Farren Aurelia
on Oct 13, 2024

verifed

Verified

The government performs each of the following economic functions except

A) collecting taxes.
B) spending.
C) issuing regulations.
D) operating the price mechanism.

Economic Functions

The roles and operations of an economy, including production, distribution, and consumption of goods and services.

Price Mechanism

The way in which prices of goods and services affect the supply and demand dynamics within a market, guiding the allocation of resources.

Collecting Taxes

The process by which a government or its authority gathers money from citizens and businesses in the form of taxes.

  • Identify the roles and impacts of government in economic systems.
verifed

Verified Answer

VD
Victoria DavilaOct 14, 2024
Final Answer:
Get Full Answer