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

Question

Quizplus · Accepted Answer

Government's role in a market-oriented economy includes enforcing contracts and protecting private property rights. This is necessary to ensure that individuals and businesses are able to engage in economic transactions with confidence that their rights will be protected. The other choices do not accurately reflect the role of government in a market-oriented economy.

Which of the Following Is a Reason Why Government Is