This is not a writing assignment, this is a multiple-choice question Government involvement in the economy can be beneficial for all of the reasons below, EXCEPT for this one. Group of answer choices It facilitates trade and legal processes efficiently and enables both to function smoothly in developing countries as well as in the developed ones. It redistributes wealth from the rich to the poor and the middle class. Although this idea is not universally supported by all economists as beneficial for the economy, it is a popular notiion in European countries.
This is not a writing assignment, this is a multiple-choice question
Government involvement in the economy can be beneficial for all of the reasons below, EXCEPT for this one.
Group of answer choices
It facilitates trade and legal processes efficiently and enables both to function smoothly in developing countries as well as in the developed ones.
It redistributes wealth from the rich to the poor and the middle class. Although this idea is not universally supported by all economists as beneficial for the economy, it is a popular notiion in European countries.
It can provide public goods that make us better off but otherwise would not be provided in sufficient quantity and affordable prices by the private sector.
It can lower the cost of doing business in the private sector by providing uniform rules and regularions, routing out fraud, and by circulating sound currency.
It enforces antitrust laws that forbid companies from conspiring together in ways that erase benefits of competition.
In a market, government intervention has a significant impact on market efficiency and on the behavior of market players.
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