Statement I: It is the role of government to ensure that property rights are protected,but not to interfere with minimizing any unpleasant side effects from pollution.
Statement II: The U.S.government must provide the infrastructure for a market system to function efficiently.

Question

Quizplus · Accepted Answer

Statement I is false because it is generally accepted that the government has a role in regulating activities that lead to pollution, to protect public health and the environment. Statement II is true because the government does provide essential infrastructure like legal systems, transportation networks, and communication systems that are necessary for markets to function efficiently.

Statement I: It Is the Role of Government to Ensure