Which of the Following Do Economists Not Generally Regard as a Legitimate

question 35

Multiple Choice

Which of the following do economists not generally regard as a legitimate reason for the government to intervene in a market?

• A)to promote efficiency
• B)to promote equality
• C)to enforce property rights
• D)to protect an industry from foreign competition

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Definitions:

Balanced Scorecard

A strategic planning and management system that is used by organizations to communicate what they are trying to accomplish, align the day-to-day work that everyone is doing with strategy, prioritize projects, products, and services, and measure and monitor progress towards strategic targets.

Financial Perspective

An aspect of the balanced scorecard that focuses on financial performance indicators to assess an organization's success in generating value for shareholders.

Manufacture Cycle

This term, likely intending to mean "Manufacturing Cycle," describes the complete process from obtaining raw materials to the delivery of the finished goods.

Product Quality

The characteristics of a product that determine its ability to meet the needs or expectations of customers, including durability, functionality, and appearance.