Which of the Following Is Not Generally Regarded by Economists

question 39

Multiple Choice

Which of the following is not generally regarded by economists 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:

Liquidation Bankruptcy

A type of bankruptcy proceedings where a debtor's assets are sold off to pay creditors, primarily under Chapter 7 of the Bankruptcy Code.

Bank

A bank is a financial institution licensed to receive deposits, offer loans, and provide other financial services, like wealth management.

Straight Bankruptcy

Another term for Chapter 7 bankruptcy, where the debtor's non-exempt assets are sold to pay off unsecured debts.

Petition

A formal written request to a court requesting a specific legal action.