ECONOMICS
DIVISION OF LABOR AND SPECIALIZATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In markets both parties are better off when they engage in voluntary, non-fraudulent exchange. What is the role of government in promoting such exchange?
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There is no role for the government; the government only impedes exchange.
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The governments role is to create legislation to prevent fraud.
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The role of government is to make sure all individuals are treated equally.
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The governments role is to make sure sellers make a profit and stay in business.
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Explanation:
Detailed explanation-1: -In markets both parties are better off when they engage in voluntary, non-fraudulent exchange. What is the role of government in promoting such exchange? The governments role is to create legislation to prevent fraud.
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