The economic functions of government include
A) determining prices.
B) setting wages in the public sector.
C) protecting property rights.
D) welfare.

Question

Quizplus · Accepted Answer

Protecting property rights is one of the fundamental economic functions of government. This helps ensure a stable and secure environment for businesses and individuals to engage in economic activity. Protecting property rights includes enforcing contracts, resolving disputes, and providing a legal framework for transactions. Options A and B are generally left to market forces, while option D is a social function rather than an economic one.

The Economic Functions of Government Include