Question

In a true free market economy how much role does the government have in the economy?


A small role


No role


A large role

Answer 1

In a true free market economy, the role of the government is typically minimal or non-existent. The government's primary role is to enforce property rights, uphold the rule of law, and provide a legal framework for the market to operate within. It is responsible for maintaining competition, preventing fraud and market failures, and protecting consumers from harmful practices. However, it generally does not interfere with the functioning of the market or participate in economic activities such as price regulations, subsidies, or direct interventions.

Answer 2

a b or c????

Answer 3

b) No role

Answer 4

worng

Answer 5

I apologize for the confusion. In a true free market economy, the correct answer is actually a) A small role. The government's role is limited to maintaining a legal framework and enforcing property rights, while avoiding excessive interference in the functioning of the market.