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what is the main economic benefit of public disclosure laws

what is the main economic benefit of public disclosure laws插图

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  • What is public disclosure law?

  • Public disclosure laws laws requiring companies to provide full info about their products Public interest the concerns of the public as a whole Macroeconomics the study of the behavior and decision making of entire economies

  • What makes up the public interest?

  • public disclosure laws The concerns of the public as a whole make up the public interest Profit motive the force that encourages people organizations to improve their material well-being Open opportunity concept that everyone can compete in the marketplace

  • What are the two main characteristics of a public good?

  • 1.)The benefit to each individual is less than the cost that each would have to pay if it were provided privately. 2.)The total benefits to society are greater than the total cost. is someone who would not be willing to pay for a certain good or service, but would get the benefit of it anyway if it were provided as a public good.

  • What are the 3 main outcomes of public policy aimed at economic stability?

  • 3 main outcomes of public policy aimed at economic stability: high employment, steady growth stable prices Requirement for raising living standards for new generations: the economy must grow to provide additional goods and services to succeeding generations