Econ w10 PT 1

The Government and Social Responsibility” Please respond to the following:

  • From the scenario, explain how government grants would influence the business’s operations. Be sure to emphasize the taxes, social benefit, and price level for both substitute goods and current products.
  • Give your opinion on whether or not you support government-funded programs within the scope of taxation and government spending. Be sure to include the influence on the business operation, purchasing power, and income distribution in the economy.