SECTION#__\CO divn.Noem) NAME PRINT LAST NAME, FIRST NAME Government programs designed to redistribute income: have never been successful in reducing poverty and inequality. generally benefit high-income households more than low-income housebold are meant to reduce poverty and inequality. are intended to create a perfectly equal distribution of income. 8. a. b. C. d. Government promotes and protects competition by using antitrust legislation to: prevent the formation of monopolies and the use of anticompetitive practices su price-fixing. establish a fair price for each product and prevent firms from charging a price that exceeds this value. provide strong incentives for innovation by protecting patent rights. clearly define and protect property rights. 9. a. b. C. d. Which of the following is not one of the functions of government in the U.S.? Providing a legal framework and protecting property rights Providing public goods and correcting externalities Promoting full employment, low inflation, and economic growth All of the above are functions of the U.S. government 10. a. b. C. d.

SECTION#__\CO divn.Noem) NAME PRINT LAST NAME, FIRST NAME Government programs designed to redistribute income: have never been successful in reducing poverty and inequality. generally benefit high-income households more than low-income housebold are meant to reduce poverty and inequality. are intended to create a perfectly equal distribution of income. 8. a. b. C. d. Government promotes and protects competition by using antitrust legislation to: prevent the formation of monopolies and the use of anticompetitive practices su price-fixing. establish a fair price for each product and prevent firms from charging a price that exceeds this value. provide strong incentives for innovation by protecting patent rights. clearly define and protect property rights. 9. a. b. C. d. Which of the following is not one of the functions of government in the U.S.? Providing a legal framework and protecting property rights Providing public goods and correcting externalities Promoting full employment, low inflation, and economic growth All of the above are functions of the U.S. government 10. a. b. C. d.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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