Answered

According to proponents of small government, how does it impact economic growth?

A. It hinders growth by creating excessive regulations.
B. It promotes growth by fostering innovation and competition.
C. It has no impact on economic growth.
D. It leads to increased government spending.



Answer :

GinnyAnswer

Final answer:

Proponents of small government believe it fosters economic growth through innovation and competition, while excessive regulations hinder growth.


Explanation:

Proponents of small government argue that it promotes economic growth by fostering innovation and competition. They believe that excessive regulations hinder growth by limiting market dynamics and stifling entrepreneurship. Government size, regulation of product markets, and employment protection legislation all play roles in shaping the impact of government on economic growth.


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