Which of the Following Statements About the Relationship Between Government

question 72

Multiple Choice

Which of the following statements about the relationship between government and capitalism is false?

• A) Government makes it possible for markets to function efficiently.
• B) Government rule-making means that people no longer need to rely on personal trust when conducting business.
• C) Before the Progressive era,the marketplace was untouched by government interference.
• D) Markets break down in nations that have weak governments.
• E) There is much disagreement among the public and politicians over the extent of the role the government should play in the economy.

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Definitions:

Separate Schedule

A detailed plan or chart made independently from other planning documents, focusing on specific activities or resources.

Statement of Cash Flows

A financial statement that provides aggregate data regarding all cash inflows and outflows a company receives from its ongoing operations and external investment sources.

Investing Activities

Transactions related to the acquisition or disposal of long-term assets and other investments not included in cash equivalents.

Bonds Payable

Long-term liabilities representing amounts owed by a corporation or government to bondholders, to be repaid at a specified future date.