1. In the U.S free enterprise economy
A. the proper role of government is clearly defined by economists and there are never disputes
B. government's only role is to provide for the nation's defense
C. the proper role of government is not clearly defined and is a value judgement individuals must make for themselves
D. government's proper role is to eliminate scarcity for all citizens
1. C
Clark/Jordanne -- please use the same name for your posts.
Yes, C is right.
To determine the correct answer, we need to understand the concept of a free enterprise economy and the role of government in this type of economy.
A free enterprise economy, also known as a capitalist or market economy, is characterized by private ownership of businesses and resources, with minimal government intervention in the economy. In such an economy, individuals and businesses have the freedom to make economic decisions based on their own self-interest, including what to produce, how to produce, and for whom to produce.
Given this understanding, we can now evaluate each option:
A. The proper role of government is clearly defined by economists and there are never disputes: This option is not accurate because economists can have different views on the role of government in a free enterprise economy. There are ongoing debates around the extent of government intervention, regulations, and social safety nets, among other topics.
B. Government's only role is to provide for the nation's defense: This option is too narrow and does not encompass the broader responsibilities of government in a free enterprise economy. While defense is an important function of government, it is not the sole role.
C. The proper role of government is not clearly defined and is a value judgment individuals must make for themselves: This option is correct. In a free enterprise economy, the proper role of government is a subject of debate and varies based on individuals' values and beliefs. Some argue for limited government intervention, allowing market forces to determine economic outcomes, while others advocate for more extensive government intervention to address market failures and promote social welfare.
D. Government's proper role is to eliminate scarcity for all citizens: This option is not accurate. Scarcity is a fundamental concept in economics, and it cannot be completely eliminated. Government intervention can help alleviate scarcity through various means, such as providing public goods and ensuring equitable distribution, but it cannot eliminate it entirely.
Therefore, the correct answer is option C: the proper role of government in a U.S. free enterprise economy is not clearly defined and is a value judgment individuals must make for themselves.