Which of the Following Would Be True of Libertarians

question 74

Multiple Choice

Which of the following would be true of libertarians?

• A) They would advocate for the redistribution of income.
• B) They would advocate for government regulation of the economy.
• C) They would advocate for a government-funded health-care system.
• D) They would strongly oppose most government activities.
• E) They would want government action to support traditional values.

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Definitions:

Above-Equilibrium Wage Rates

Wages set above the market equilibrium, often leading to surplus labor supply or unemployment, as employers demand less labor at higher wage rates.

Opportunity Cost of Shirking

The benefits a worker forgoes by choosing to shirk (reduce their level of effort or productivity) at work, which could include potential wage increases, promotions, or job security.

Shirking

The action of avoiding or escaping from work or duties.

Monitoring Costs

Expenses involved in overseeing and controlling the performance of a business or investment.