Which of the Following Is NOT an Economic Function of Government

question 197

Multiple Choice

Which of the following is NOT an economic function of government?

• A) providing a legal system
• B) ensuring economic stability
• C) providing government-inhibited goods
• D) promoting competition

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Definitions:

Home Business

A business operated from the owner's residence, often characterized by lower overhead costs and flexible working hours.

Coase Theorem

A principle that asserts under conditions of no transaction costs and well-defined property rights, parties will negotiate to correct externalities and allocate resources efficiently.

Bargaining Costs

Costs incurred during the process of reaching an agreement between two parties, typically including time, effort, and other resources spent in negotiation.

Property Rights

Legal rules stating what people or firms may do with their property.