Which of the Following Is NOT an Example of a Way

question 29

Multiple Choice

Which of the following is NOT an example of a way that the government interferes in the economy?

• A) The government requires everyone to get an elementary and high school education.
• B) Local governments impose building codes on newly constructed office buildings or factories.
• C) The government sets laws and rules for how mortgages are issued.
• D) The government tells Intel what kind of microprocessor chips to make.

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Definitions:

Outsource

The practice of hiring third-party vendors to perform services or produce goods that were previously done in-house, often to reduce costs or access specialized skills.

Low Bidder

In procurement, it refers to the entity that offers the lowest price to supply goods or services in a competitive bidding process.

Expensive Bidder

A term that does not correspond to a specific widely recognized concept in business or economics, thus NO.