Which of the Following Is Not Generally Regarded by Economists

question 39

Multiple Choice

Which of the following is not generally regarded by economists as a legitimate reason for the government to intervene in a market?

• A) to promote efficiency
• B) to promote equality
• C) to enforce property rights
• D) to protect an industry from foreign competition

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Definitions:

Working Papers

Documents that record audit procedures and serve as evidence for auditors' findings and opinions.

Internal Controls

Procedures and processes implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Accounts Testing

The evaluation and verification of financial account records through various audit procedures to ensure the accuracy and reliability of financial statements.

Illegal Act

An action that is forbidden by law and subject to criminal or civil penalties.