Which of the following is NOT an economic function of the U.S. government?
A. promoting price stability
B. encouraging production of government-inhibited goods
C. promoting competition
D. providing public goods
Answer: B
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Refer to the scenario above. If Aqua Inc charges a price of $20 for each unit of Good A while Blu Corp . charges a price of $60, Blu Corp . will ________
A) face the entire market demand B) lose all its customers to Aqua Inc. C) face a demand of 2,000 units D) face a demand of 1,500 units
When Americans decrease their demand for Japanese goods
A) the demand for dollars will rise, and the demand for yen will rise. B) the demand for dollars will fall, and the demand for yen will rise. C) the supply of dollars will rise, and the demand for yen will rise. D) the supply of dollars will fall, and the demand for yen will fall.