What Is One of the Most Important Ways That Government

question 120

Multiple Choice

What is one of the most important ways that government can protect welfare and property?

• A)by maintaining law and order
• B)by granting legal monopolies for the most profitable industries
• C)by allowing states to set their own unique business regulations
• D)by supporting the unfettered use of credit-default swaps
• E)by purchasing shares of stock in all major sectors of the American economy

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Definitions:

Reluctant

Feeling or showing hesitation, unwillingness, or disinclination.

Imperfectly Monitored

A condition where the actions or performances are not fully observed or regulated, often leading to incomplete information or enforcement.

Agent

An agent in economics is an individual or entity that makes decisions impacting the allocation of resources or engagements in economic transactions.

Undesirable Behavior

Actions or patterns of action viewed as negative by society and often lead to social or legal penalties.