Question 18 of 19 Mapoob Sapling Learning macmlan leaning according to most econ

Question

Question 18 of 19 Mapoob Sapling Learning macmlan leaning according to most economists? O O O O Regulating profits to prevent extreme disparities in wealth Placing limits on the amount landlords can increase rent to protect renters. Identifying and helping industries that are the most important to the ruling party's policies Protecting private property Per most economists, which of the following possible government activities would not enhance the operation of a free-market? O O O O Enforcing a contract between a restaurant and a local farmer it Establishing a minimum wage to guarantee minimum incomes for unskilled workers Defining property rights clearly Issuing a patent for a water purifier that prevents anyone but the inventor from producing

Explanation / Answer

a) "Protecting private property"

It will encourage people to earn more profit and they will look for better and more innovative ways of cost-cutting and increase their wealth. But if private properties are not protected market will become inefficient.

b) "Establishing a minimum wage to guarantee a minimum income for the unskilled worker". It will distort the market and benefit only a minimum amount of labour depriving many others of employment.

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