question archive Most economists favor less interference in the marketplace by the government because: a) Economists ignore the positive impact of government because they focus only on GDP
Most economists favor less interference in the marketplace by the government because: a) Economists ignore the positive impact of government because they focus only on GDP
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Most economists favor less interference in the marketplace by the government because:
a) Economists ignore the positive impact of government because they focus only on GDP.
b) The government is too corrupt.
c) They believe that corporations and individuals are in a better position to know which investments are most likely to pay off.
d) Economists have a lot of money invested in the stock market, and they don't want the government to spoil their investments.
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The correct answer is c) They believe that corporations and individuals are in a better position to know which investments are most likely to pay off.
- This is because, unlike the government, individuals and corporations have the proper incentives (i.e. income maximization) in order to optimize decisions.
