Which of the Following Best Explains Why Government Regulates

question 45

Multiple Choice

Which of the following best explains why government regulates?

• A) Because the American people have shown that they want the government to fix negative externalities.
• B) To raise taxes to help pay for the government's operations.
• C) To redistribute incomes in a way that gives everyone a fair playing field and allows equal opportunity to work.
• D) To expand the size of government.
• E) To better control who succeeds and who fails.

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Definitions:

Accounting Firm

An organization specializing in performing financial tasks for individuals or businesses, such as audits, tax filings, and financial consulting.

Standard Deviation

Measures the amount of variation or dispersion of a set of values from the mean in a dataset.

Z-Score

A measure indicating the number of standard deviations an element is from the mean.

Loads

In engineering and physics, it refers to the forces, pressures, or stresses that are applied to a structure or component.