Which of the following is NOT an economic function of government?
A) providing a legal system
B) ensuring economic stability
C) providing government-inhibited goods
D) promoting competition

Question

Quizplus · Accepted Answer

The government does not provide government-inhibited goods, rather it regulates and prohibits certain goods or activities that may have negative effects on the economy or society. The other options are all examples of economic functions of government: providing a legal system to protect property rights and enforce contracts, ensuring economic stability through fiscal and monetary policies, and promoting competition through antitrust laws and regulations.

Which of the Following Is NOT an Economic Function of Government