What is an economic function of the U.S. government as part of the market economy?

Responses

pushing for more externalities
pushing for more externalities

setting the price for all goods and services
setting the price for all goods and services

dividing up the money it receives
dividing up the money it receives

stopping competition among businesses

1 answer

None of the provided options accurately describe a primary economic function of the U.S. government in a market economy. However, among typical roles, the government does manage certain aspects of the economy to ensure fair competition, regulate externalities, and provide public goods.

For example, one key function of the U.S. government is to address externalities by implementing regulations and policies that help manage market failures, which may not be directly reflected in any of the choices given.

If I had to select from the options you provided, the focus on "pushing for more externalities" is misleading because the government typically aims to minimize negative externalities (like pollution) rather than push for more of them.

In summary, the role of government involves regulation, maintaining competition, and providing a framework for economic activity, rather than any of the options listed.