Which of the Following Is NOT an Objective of Economic

question 119

Multiple Choice

Which of the following is NOT an objective of economic regulation?

• A) to regulate the prices enterprises are allowed to charge
• B) to fix prices so that they are never allowed to rise
• C) to keep rates of return in an industry at a competitive level
• D) to prevent monopoly profits

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Definitions:

Uniform Simultaneous Death Act

A legal guideline used to determine the distribution of property when two or more individuals die at the same time with no clear evidence of who died first.

Insurance Proceeds

The money that an insurance company pays out to a policyholder in the event of a covered loss or claim.

Intestate Succession

The process by which property is distributed by law when a person dies without a valid will, determining heirs based on their relationship to the deceased.

Testamentary Trust

A trust that is created by a will.