This is a multiple choice question, not a writing one Which of the below statements about the government's role in the economy is unlikely to be correct, based upon what you have read in the book, Naked Economics by Wheelan? Group of answer choices In countries where the government allocates resources, the resources are allocated inefficiently and wastefully, with political considerations taking priority over economic efficiency. The private sector allocates resources where they will earn the highest return. In contrast, the governement allocates resources wherever the political process sends them. When government controls resources, the decision regarding how and where to allocate resources rests upon government bureaucrats and their preferences. Government regulations benefit consumers, producers, savers and investors alike. Regulations promote the movement of capital and labor, lower the cost of goods and services, encourage innovations, and otherwise spur the economy into unfettered economic growth.
This is a multiple choice question, not a writing one
Which of the below statements about the government's role in the economy is unlikely to be correct, based upon what you have read in the book, Naked Economics by Wheelan?
Group of answer choices
In countries where the government allocates resources, the resources are allocated inefficiently and wastefully, with political considerations taking priority over economic efficiency.
The private sector allocates resources where they will earn the highest return. In contrast, the governement allocates resources wherever the political process sends them.
When government controls resources, the decision regarding how and where to allocate resources rests upon government bureaucrats and their preferences.
Government regulations benefit consumers, producers, savers and investors alike. Regulations promote the movement of capital and labor, lower the cost of goods and services, encourage innovations, and otherwise spur the economy into unfettered economic growth.
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