Question 12 1 pts Which of the following is a role of the U.S. Federal Governmen

Question

Question 12 1 pts Which of the following is a role of the U.S. Federal Government? O The government regulates. O The govermment produces and consumes goods O The government redistributes income between groups O all of the above Question 13 1 pts The factors of production or the means of production refer to O the labor, machinery, buildings, and natural resources used to make outputs finished goods and services O the goods and services households wish to purchase natural resources used to make finished products

Explanation / Answer

12)

Right answer: Federal government regulates.

Federal government main task is to regulate. It peforms other task as well, but these are subsidiaries.

13)

Right Answer: The labor, Machinery, builidngs, and natural resources used to make output.

In other words, production resources are: Land, Labor, capital and entrepreneur

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