Which of the following is not a role of the government in the economy?
a. Establishing and Enforcing the Rules of the Game.
b. Limiting Competition
c. Regulating Natural Monopolies
d. None of the above are roles of the government in economic systems.
b
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The most efficient way to encourage the growth of an infant industry is through
A) a voluntary export restraint. B) a tariff. C) a subsidy. D) an import quota.
If an industry has 25 firms that collectively have $150 million in total sales and the top three firms in this industry account for $78 million in sales and the fifth through twenty-fifth firms account for $60 million in sales, what is the amount of
sales for the fourth largest firm? A) $12 million B) $6 million C) $18 million D) none of the above
The Fed's communication:
A. is irrelevant, all that matters is the actions that it takes. B. is often used as a distraction to hide its true agenda. C. is itself an important tool of monetary policy. D. is the single most important tool of fiscal policy.
Which of the following is not a reason that capital deepening is an important source of economic growth?
(A) More investment funds are made available to businesses. (B) Investment in human capital causes workers to be more valuable to employers. (C) Enhanced training programs improve the productivity of workers. (D) More physical capital improves efficiency and productivity.