The role of government in a market economy would include all of the following except
A)providing services such as national defense.
B)collecting taxes.
C)extensive ownership of productive resources.
D)making and enforcing laws.

Question

Quizplus · Accepted Answer

Extensive ownership of productive resources contradicts the idea of a market economy, which relies on private ownership and free market transactions. The government's role in a market economy is primarily to ensure a level playing field and provide essential services, such as national defense and law enforcement, while allowing private individuals and businesses to make their own choices regarding production and consumption. Collecting taxes is necessary for the government to finance its activities, while making and enforcing laws helps maintain order and prevent fraud and abuse within the market system.

The Role of Government in a Market Economy Would Include