Which of the following is not generally regarded by economists as a legitimate reason for the government to intervene in a market?
A) to promote efficiency
B) to promote equality
C) to enforce property rights
D) to protect an industry from foreign competition

Question

Quizplus · Accepted Answer

Protecting an industry from foreign competition is not generally regarded as a legitimate reason for government intervention in a market because it can create inefficiencies and distortions in the market. It can also lead to retaliatory measures from other countries and hinder international trade. Economists generally believe in free trade and competition as the best way to achieve economic growth and consumer welfare. The other options listed (promoting efficiency, promoting equality, and enforcing property rights) are generally accepted reasons for government intervention to correct market failures and promote the general welfare of society.

Which of the Following Is Not Generally Regarded by Economists