All of the following are critical functions of the government in facilitating the operation of a market economy except
A)protecting private property.
B)enforcing property rights.
C)ensuring an equal distribution of income to all citizens.
D)enforcing contracts.

Question

Quizplus · Accepted Answer

Ensuring an equal distribution of income to all citizens is not a critical function of the government in facilitating the operation of a market economy. The market economy is premised on the idea that individuals and firms pursue their own self-interest, which, in turn, promotes economic growth and prosperity. The government's role is to provide the institutional framework within which the market operates, ensuring that property rights are protected, contracts are enforced, the rule of law is upheld, and there is a level playing field for all market participants. While the government may use fiscal and monetary policies to promote economic stability and growth, the distribution of income is largely a matter for the market to decide, and the government's role is to ensure that the market operates fairly and efficiently.

All of the Following Are Critical Functions of the Government