Question

Which of the following is an example of a benefit of government involvement in the economy?

A. government bans on necessary goods
B. government regulation of minimum wage
C. government control of all factors of production
D. government control of all outcomes of production

Answer 1

One example of a benefit of government involvement in the economy would be "B. government regulation of minimum wage," since this helps ensure that companies don't take advantage of workers by paying them far too little.