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3 votes
What role does the government play in economics?

A .It creates and administers anti-trust legislation.

B. It regulates businesses and their practices.

C.It corrects for market failures.

D.All of these statements are true.

1 Answer

2 votes

Governments provide the legal and social framework, maintain competition, provide public goods and services redistribute income, correct for externalities and stabilize the economy.

User SimonAx
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