A critical function of the government in facilitating the operation of a market economy is
A) controlling the market prices of food items.
B) ensuring an equal distribution of income to all citizens.
C) producing goods and services for low-income households.
D) setting up and enforcing private property rights.
D
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The figure above shows the relationship between the time a student spends studying and the student's GPA that semester. This figure shows ________ relationship between the time spent studying and the GPA
A) a positive, linear B) a positive but not linear C) a cross-sectionally trended D) a negative E) no
As more people started building houses in your community, more street lights were installed in your locality making it safer and easier to drive through. This is an example of a(n) ________
A) pecuniary externality B) network externality C) moral hazard D) adverse selection