In the mainstream economic perspective, the role of the government is to:
A) Pass laws that protect worker rights and income.
B) Pass laws that protect employer interests.
C) Pass laws that promote competition.
D) Pass laws that promote good management policies.

Question

Quizplus · Accepted Answer

In the mainstream economic perspective, the role of the government is to promote competition, as it is believed that competition leads to greater efficiency, innovation, and lower prices for consumers. The other options, such as protecting worker rights or employer interests, are generally viewed as interfering with the free market and not necessary for achieving this goal. Similarly, there is no specific focus on promoting good management policies in the mainstream economic perspective, as the assumption is that market competition will naturally weed out inefficient firms.

In the Mainstream Economic Perspective, the Role of the Government