Which of the Following Is Not a Function of the Government

question 79

Multiple Choice

Which of the following is not a function of the government?

• A) the promotion of competition
• B) the stabilization of the economy to achieve macroeconomic goals
• C) the redistribution of income through taxation and transfer payments
• D) the production of public goods
• E) the provision of all private goods in the economy

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Definitions:

Good Faith

An implied promise to act honestly and not take unfair advantage in transactions.

Primarily Liable

Refers to the party or entity that bears the main responsibility in fulfilling an obligation or debt, without dependence on the failure of another party.

Personal Defenses

Legal defenses used in a lawsuit that are specific to the defendant, often relating to the contract's validity or terms.

Fraud in the Inducement

A deceitful act causing someone to enter into an agreement or contract by misrepresenting material facts or intentions.