When the US government becomes aware of economic changes, the discovery is most likely to influence 1. how the nation allocates resources. 2. how companies interest buyers. 3. how producers ship products. 4. how economists study trends.

Question

Business

Kymani Jefferson

20 May, 09:40

When the US government becomes aware of economic changes, the discovery is most likely to influence 1. how the nation allocates resources. 2. how companies interest buyers. 3. how producers ship products. 4. how economists study trends.

+2

Answers (1)

Know the Answer?

Orion Elliott · Answer 1

1. How the nation allocates resources

Explanation:

Government is the chief decision maker in any economic model because their power enables to allocate nation's resources among economic unit. As such they keep watch on the economic changes and trends in order to make the best economic decision for the nation. When government becomes aware of economic changes, it will try to allocate resources efficiently and effectively based on signal given by the changes.

For example, if US government is aware that the economy is nearing recession, it will be put in preventive measures to escape the intending recession and make sure it allocates its scarce in efficient way among the economic units by spending more on capital projects, raising social empowerment spending and doing other necessary things.

So the discovery of economic changes will most likely influence how the nation allocates resources.