Role of Government

• What is the role of government?

  Improve general welfare of its people
• What are the three levels governments can operate at?

  Local, national and international
• What is national role?

  Central government makes decisions about how to achieve its macroeconomic aims
• What are the 4 policies used by the government to make decisions?

  Fiscal policy, monetary policy, supply-side policy, policy to protect environment
• What is a trading bloc?

  A free trade area which promotes free movement of factors of production between member countries