Why does the U.S. government collect taxes as part of the market economy?

Question

Responses

to purchase companies in other nations
to purchase companies in other nations

to provide public goods and services
to provide public goods and services

to keep people from making too much money
to keep people from making too much money

to encourage the growth of monopolies

Answer 1

The correct response is:

to provide public goods and services.

The U.S. government collects taxes to fund various public goods and services that benefit society, such as infrastructure, education, defense, healthcare, and social services. These are essential for the functioning of the economy and improving the quality of life for citizens.