Which of the following is a valid reason to consider government regulation?
A)Seeking some social objective that markets do not achieve.
B)Fear that capitalism will prove too productive.
C)Desire on the part of government to be useful.
D)Requests for protection for an industry.
E)All of the responses are correct.

Question

Quizplus · Accepted Answer

Seeking some social objective that markets do not achieve is a valid reason to consider government regulation. For example, ensuring fair labor practices, protecting the environment, and promoting public health and safety may require government intervention as these objectives may not be achieved solely through market forces.

Which of the Following Is a Valid Reason to Consider