QUESTION IMAGE
Question
- which of the following is not an appropriate role for government in a market economy?
correct market failures
set prices for most goods and services
provide public goods
enforce contracts
Brief Explanations
In a market economy, prices are typically determined by supply and demand. Government roles include correcting market failures, providing public goods, and enforcing contracts. Setting prices for most goods/services is not an appropriate role as it undermines market mechanisms.
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set prices for most goods and services