AP-Microeconomics-Visuals-Unit5 - The Economic Functions of Government Enforce Laws and Contracts Maintain Competition Redistribute Income Provide an

AP-Microeconomics-Visuals-Unit5 - The Economic Functions of...

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Unit 5 : Microeconomics National Council on Economic Education Visual 5.1 The Economic Functions of Government Enforce Laws and Contracts. Maintain Competition. Redistribute Income. Provide an Economic Safety Net. Provide Public Goods: Nonexclusion Shared consumption Correct Market Failures: Provide market information Correct negative externalities Subsidize goods with positive externalities Stabilize the Economy: Fight unemployment Encourage price stability Promote economic growth
Unit 5 : Microeconomics National Council on Economic Education Visual 5.2 Illustrating a Negative Externality
Unit 5 : Microeconomics National Council on Economic Education

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