Role of Government in Market Economy

National Defense is an examples of what type of government action.

• Provide a public good and service

• Redistribute income

• protect property rights

• resolve market failures

Government regulation of industries is an examples of what type of government action.

• Provide public goods and services

• Redistribute income

• Protect property rights

• Resolve market failures

Social Security is an examples of what type of government action.

• Provide public goods and services

• Redistribute income

• Protect property rights

• Resolve market failures

Patent rights are an examples of what type of government action.

• Provide public goods and services

• Redistribute income

• Protect property rights

• Resolve market failures

Agriculture subsidies are an examples of what type of government action?

• Provide public goods and services

• Redistribute income

• Protect property rights

• Resolve market failures

Enforces contracts is an examples of what type of government action?

• Provide public goods and services

• Redistribute income

• Protect property rights

• Resolve market failures

K-12 education is an examples of what type of government action.

• Provide public goods and services

• Redistribute income

• Protect property rights

• Resolve market failures

Tax cuts are an examples of what type of government action.

• Provide public goods and services

• Redistribute income

• Protect property rights

• Resolve market failures

Environmental Protection Agency is an examples of what type of government action.

• Provide public goods and services

• Redistribute income

• Protect property rights

• Resolve market failures

Unemployment benefits are an examples of what type of government action.

• Provide public goods and services

• Redistribute income

• Protect property rights

• Resolve market failures