Ch 16: Government & the Economy: Help and Review

About This Chapter

The Government and the Economy chapter of this Introduction to Macroeconomics Help and Review course is the simplest way to master the relationship between the federal government and the American economy. This chapter uses simple and fun videos that are about five minutes long, plus lesson quizzes and a chapter exam to ensure you learn the essentials of government and the economy.

Who's it for?

Anyone who needs help understanding material from Introduction to Macroeconomics will benefit from taking this course. You will be able to grasp the subject matter faster, retain critical knowledge longer and earn better grades. You're in the right place if you:

  • Have fallen behind in understanding what the government does in a market economy or seeing how government fiscal policies can impact employment, price levels and production.
  • Need an efficient way to learn the pros and cons of maintaining a large national debt.
  • Learn best with engaging auditory and visual tools.
  • Struggle with learning disabilities or learning differences, including autism and ADHD.
  • Experience difficulty understanding your teachers.
  • Missed class time and need to catch up.
  • Can't access extra business learning resources at school.

How it works:

  • Start at the beginning, or identify the topics that you need help with.
  • Watch and learn from fun videos, reviewing as needed.
  • Refer to the video transcripts to reinforce your learning.
  • Test your understanding of each lesson with short quizzes.
  • Submit questions to one of our instructors for personalized support if you need extra help.
  • Verify you're ready by completing the Government and the Economy chapter exam.

Why it works:

  • Study Efficiently: Skip what you know, review what you don't.
  • Retain What You Learn: Engaging animations and real-life examples make topics easy to grasp.
  • Be Ready on Test Day: Use the Government and the Economy chapter exam to be prepared.
  • Get Extra Support: Ask our subject-matter experts any relevant question. They're here to help!
  • Study With Flexibility: Watch videos on any web-ready device.

Students Will Review

In this chapter, you'll learn the answer to questions including:

  • What are the government's goals for the U.S. economy?
  • How can government boost the economy through its fiscal policy?
  • When is it beneficial for the government to intervene in the economy?
  • How can the costs of government intervention outweigh the benefits?
  • What are the differences in systems of taxation at the local, state and national levels?

10 Lessons in Chapter 16: Government & the Economy: Help and Review
Test your knowledge with a 30-question chapter practice test
Economic Goals for the US Economy

1. Economic Goals for the US Economy

This lesson will highlight the key economic goals of the United States economy, including examples to help you remember these different values. You'll also consider some of the challenges of balancing these goals.

The Role of Government in a Market Economy

2. The Role of Government in a Market Economy

In this lesson, you'll examine the role of government in a market economy. You'll learn what kinds of activities may require government interaction, such as those related to consumer and property rights.

Government Fiscal Policies: Goals and Influence

3. Government Fiscal Policies: Goals and Influence

In this lesson, you'll learn about the measures used to determine the health of the economy, including the goals of a fiscal policy. You'll also also learn about some basic approaches the government uses to help stimulate a struggling economy.

Government Intervention in the Economy: Issues & Factors

4. Government Intervention in the Economy: Issues & Factors

In this lesson, you'll consider the question of when it's worthwhile for the government to take action related to the economy. We'll use concrete examples to help you understand these hotly debated issues.

Principles and Systems of Taxation

5. Principles and Systems of Taxation

In this lesson, you'll gain a better understanding of how our tax system works. Look into the different levels of taxation from the federal government to state and local governments.

Pure Monopoly: Definition, Characteristics & Examples

6. Pure Monopoly: Definition, Characteristics & Examples

In this lesson, we'll be looking at a pure monopoly, which involves a sole provider dominating an entire market. After learning about this type of market structure, you can test your knowledge with a quiz.

What is the Excise Tax? - Definition & Overview

7. What is the Excise Tax? - Definition & Overview

In this lesson, we learn the meaning of excise taxes, what types of goods usually have excise taxes levied on them, and how the price elasticity of a good impacts how effective an excise tax is.

Adam Smith's The Wealth of Nations: Summary & Concept

8. Adam Smith's The Wealth of Nations: Summary & Concept

In the same year Thomas Jefferson wrote the Declaration of Independence, Scottish philosopher and economist Adam Smith published a book called 'The Wealth of Nations.' Over 200 years later, Smith's work stands as the theoretical basis for capitalism.

Economist Adam Smith: Theory & Biography

9. Economist Adam Smith: Theory & Biography

Many modern economists consider Adam Smith the Father of Capitalism. In this lesson, you'll learn about his life, education, work, and accomplishments. After the lesson, you can test your knowledge with a short quiz.

Free-Market Anarchism: Definition & Example

10. Free-Market Anarchism: Definition & Example

Free markets are supposed to give people economic freedom from the government, so why bother with a government at all? In this lesson, we'll examine free-market anarchism and see how it envisions the future.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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