Week 03 Questions-- The Role of Government Regulation in Society

[Image Source] (https://www.nationalbusinesscapital.com/7-government-regulations-small-business-must-comply-2019/)

1. Time has shown that most regulation policies focus on solving small, insignificant issues. What are some reasons why elected officials would steer clear of larger issues?
2. In theory, the ebb and flow of the production market is dependent on the decisions made by consumers. However, this is not always the case. What are some ways that politicians and entrepreneurs can manipulate these changes?
3. In his book, Dr. Bylund explains the theory developed by John Maynard Keynes. In short, Keynesians believe that there should be more government involvement in the economy. What are the advantages and disadvantages of this course of action?