ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Which of the below examples of government involvement does NOT lead to economic growth, according to Wheelan?

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Government provides as public  goods items that are good for society but have a free rider problem that could lead to crippling costs to private enterprise if they provided them.

 

Government provides uniform rules and regulations such as contract law, roots out fraud and ciculates a sound currency with relatively stable value.

 

Government redistributes income and wealth from the rich to the poor such that income disparity is eliminated, and everyone makes about the same amount regardless of their ability or effort.

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