Which of the Following Is a Reason Why Government Is

question 11

Multiple Choice

Which of the following is a reason why government is a participant in a market-oriented economy?

• A)to enforce contracts and protect private property
• B)to promote collusion
• C)to promote the growth of natural monopolies
• D)to provide more inequality in the distribution of income
• E)all of the above

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Definitions:

Hypotheses

Proposed explanations for a phenomenon, made as a starting point for further investigation.

Observations

The act of noting and recording something with instruments or the senses as a part of scientific research or empirical study.

Paradigm Shift

A fundamental change in the basic concepts and experimental practices of a scientific discipline.

Falsifiable Hypothesis

A hypothesis that can be demonstrated to be false by an experiment or observation, a critical aspect of the scientific method.