Which of the Following Do Economists Not Generally Regard as a Legitimate

question 17

Multiple Choice

Which of the following do economists not generally regard as a legitimate reason for the government to intervene in a market?

• A)To promote efficiency
• B)To promote equality
• C)To enforce property rights
• D)To protect an industry from foreign competition

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Definitions:

Dynamic Equilibrium

A state of balance between continuing processes, often referring to the balance of substances in a biological system or to the balance of forces in a mechanical system.

Gelatinous Mass

A jelly-like substance, often found in the body as part of various structures or tissues.

Static Equilibrium

A state where an object is at rest or its center of mass moves at a constant velocity, with no net force acting upon it.

Gravitational Equilibrium

The state where gravitational forces within a star are balanced by the outward pressure of nuclear fusion, key in stellar structure.