Question 4 of 20: Select the best answer for the question. 4. Weak government enforcement of contracts and laws tends to A. not affect economic activity, as incentives for theft and deception are low. B. discourage economic activity by encouraging private-sector coercion such as blackmail and extortion. C. increase economic efficiency by minimizing government interference. D. stimulate innovation and investment.
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For each of the following scenarios involving the US government, determine the primary function of government that is being served. 1. Microsoft, the operating system giant, was recently accused of illegal business practices aimed at significantly increasing its market share. a) productive function whereby the government redistributes income from rich to poor b) productive function whereby the government promotes economic stability through fiscal policies c) productive function whereby the government produces goods that are difficult for private markets to supply d) productive function whereby the government maintains market consumption 2. An entrepreneur incorporates a new business in the state of Delaware so that the firm can enter into a lease to use a factory and purchase raw materials. a) maintaining competition b) reallocating resources c) enforcing contracts d) redistributing income
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