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

Question

Quizplus · Accepted Answer

Economists generally do not regard protecting an industry from foreign competition as a legitimate reason for government intervention in a market. This is because it can lead to inefficiencies and distortions in the market, resulting in higher costs for consumers and ultimately harming the economy as a whole. The other three options - promoting efficiency, promoting equality, and enforcing property rights - are generally seen as legitimate reasons for government intervention in markets.

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