Which statement best describes the two main functions of us government?
it creates laws and provides leadership.
it pays for services and controls the prices of goods.
it provides loans and responds to emergencies.
it organizes public works and businesses

Mankiw attributes – chapter 1 and his 10 principles – differences in living standards within a countryover time and across countries at a moment in time to: a. the presence or absence of inflation and unemployment.b. the allocation of resources between private markets and the public sector.c. those that have dealt successfully with the efficiency v. equality tradeoff and those that haven’t.d. differences in productivity.e. ones that think at the margin and respond to incentives and those that don’t.