SOCL 2501 Midterm: Test 3 (scored 92%)
Document Summary
Responsible for of all corporate production government and business relationship government provides aid in the form of subsidies, price controls, and outright cash grants to businesses especially when officials fear that a large industry might fail and cause damage to overall economy bail outs government does shape economic life by regulating the workplace, monitoring foreign trade, protecting consumers, and setting interest rates private corporations generate most of the economic output. Urban life largely an urban problem poverty puts people at risk of becoming homeless homeless people reported averaging income of /month (barely /day) average of /moth for homeless families supportive housing program that combines low income housing with on site social services costly, but may save money in the long run as social services cost less than prison attitudes toward the homeless have recently softened due to tough economic times and foreclosures.
