Which of the Following Would Be a Protective Function of Government

question 89

Multiple Choice

Which of the following would be a protective function of government?

• A) providing national defense
• B) undertaking income redistribution
• C) providing national parks
• D) monopolizing mail delivery

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Definitions:

Capital Goods

Assets with a long lifespan that are employed in the creation of goods and services, including machinery, equipment, and buildings.

Economic System

The structure and methods by which a society decides on the allocation of resources and distribution of goods and services.

Goodwill

The intangible asset that arises as a result of the reputation, brand, or customer relations of a business, adding value beyond its tangible assets.

Intangible Capital

Assets that are not physical in nature, such as intellectual property, brand recognition, and human capital, which can contribute to a company's value.