Responses
Competition among producers by itself cannot ensure a wide range of consumer choices.
Competition among producers by itself cannot ensure a wide range of consumer choices.
Workers pressure the government to guarantee minimum wages.
Workers pressure the government to guarantee minimum wages.
The government needs to plan efficient outcomes.
The government needs to plan efficient outcomes.
Laws against theft, fraud, and coercion are needed to protect free choice.
1 answer
The response that best explains why the government makes and enforces laws in a free-market system is:
Laws against theft, fraud, and coercion are needed to protect free choice.
This explanation emphasizes the essential role of laws in maintaining a fair and functioning marketplace where individuals and businesses can operate freely and securely. Without such laws, there could be abuses that undermine the principles of free choice and competition.
