All of the Following Are Economic Functions of the Government

question 114

Multiple Choice

All of the following are economic functions of the government EXCEPT

• A) providing a legal system.
• B) determining the wage rate for most jobs.
• C) promoting competition in the market.
• D) providing public goods.

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Definitions:

Business

The practice of engaging in commerce, trading goods, or providing services with the aim of generating profit.

Collection Of Programs

A suite of software applications bundled together to serve related purposes or provide multiple functionalities.

Services

In computing, software or platform functionalities provided to users, typically over a network.

Subscription-Based Service

A business model where customers pay a recurring price at regular intervals to access a product or service.