A modern liberal would argue that markets __________.
A)are self-correcting
B)require regulation to function properly
C)are hostile to the preservation of society
D)result in unpredictable and irrational outcomes

Question

Quizplus · Accepted Answer

A modern liberal would argue that markets require regulation to function properly, as they believe that unregulated markets can lead to inequality, exploitation and externalities that harm society. They believe that government intervention and regulation is necessary to ensure fair competition, protect consumers and the environment, and promote social welfare.

A Modern Liberal Would Argue That Markets __________