Principles of Microeconomics, 7th Edition

Published by South-Western College
ISBN 10: 128516590X
ISBN 13: 978-1-28516-590-5

Chapter 1 - Part I - Ten Principles of Economics - Quick Check Multiple Choice: 5

Answer

D. All of the above. Protect property rights, correct a market failure due to externalities, and acheive a more equal distribution of income.

Work Step by Step

Governments may intervene in a market economy in order to protect property rights, correct a market failure due to externalities, and achieve a more equal distribution of income.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.