Which of the Following Factors Reduces the Need for Government

question 35

Multiple Choice

Which of the following factors reduces the need for government involvement in the marketplace?

• A) The presence of externalities
• B) The incentive to rent-seek
• C) The need for public goods
• D) Incomplete information

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Definitions:

Register

To record or enroll formally, especially in a list, database, or book, or the part of the brain that deals with speech and language processing.

Paperwork

Generally involves the handling, processing, or managing of documents and forms required in the administration of business, legal, or other official activities.

Ownership Transferable

A characteristic of property rights or shares that allows them to be passed from one individual or entity to another.

Limited Liability Company

An enterprise structure that fuses the tax handling advantages of partnerships or sole proprietorships with the limited liability feature of corporations.