CHAPTER # 4 QUIZ - AMERICAN CAPITALISM

IN CHAPTER # 4 , AMERICAN CAPITALISM , WE EXAMINE HOW WE HAVE CUSTOMIZED ADAM SMITH'S CAPITALIST ECONOMIC ENGINE THROUGH GOVERNMENT INTERVENTION .

WE STUDY THE ROLE OF LAWS AND POLICIES IN PROTECTING OUR ECONOMIC FREEDOMS . WE EXAMINE THE ROLE , BENEFITS , AND SIDE EFFECTS OF PUBLIC GOODS AND WELFARE PROGRAMS . WE STUDY THE USE OF THE TWO MOST IMPORTANT " ECONOMIC TESTS " THAT SHOULD BE USED TO DETERMINE IF GOVERNMENT ECONOMIC ACTIONS ARE WORTHWHILE - THE TESTS OF EQUITY AND EFFICIENCY . AND WE CONSIDER THE ROLE OF GOVERNMENT IN PROMOTING ECONOMIC GROWTH AND STABILITY