Which of the Following Is LEAST LIKELY to Be a Government

question 42

Multiple Choice

Which of the following is LEAST LIKELY to be a government role in a market-directed economy?

• A) To set rules to protect individual rights and freedom.
• B) To supervise the economy.
• C) To provide things such as mass transportation and highways, national defense, police and fire protection, and public health services.
• D) To control interest rates and the supply of money.
• E) To determine prices-and thereby allocate resources and distribute income.

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Definitions:

Decision-making Process

A series of steps or stages that involve identifying a problem, gathering information, evaluating alternatives, and making choices to reach a conclusion.

Daniel Kahneman

A renowned psychologist and economist, known for his work on the psychology of judgment and decision-making, as well as behavioral economics.

Amos Tversky

A cognitive and mathematical psychologist known for his collaborative work with Daniel Kahneman on the cognitive biases affecting human judgment and decision-making.

Morale Problem

A situation in which there is widespread dissatisfaction, lack of enthusiasm, or disengagement among members of a group or organization.