Which of the Following Is a Reason Why Government Is

question 92

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)To promote externalities

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Definitions:

Concessions

Compromises made by negotiating parties where one or more participants agree to make a change in their position to reach an agreement.

Bargaining Positions

The stance or demands made by negotiating parties as starting points for negotiations.

Negotiate

The process of discussing to reach an agreement or compromise between parties with differing views.

Choice

The act of selecting between two or more possibilities.