Which of the Following Is NOT a Reason Governments Interfere

question 3

Multiple Choice

Which of the following is NOT a reason governments interfere with comparative advantage?

• A) Governments attempt to achieve full employment.
• B) Governments promote economic development.
• C) national self-sufficiency in defense-related industries
• D) All are reasons governments interfere with comparative advantage.

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Definitions:

Sole Proprietorship

A business owned and managed by a single individual, with personal responsibility for all debts and legal actions.

Transaction Costs

The costs of time and information required to carry out market exchange.

Personal Assets

Items of value owned by an individual, including cash, bank accounts, investments, real estate, and personal property.

Self-Employed

An individual who works for themselves and does not receive a salary or wage from an employer.