Question 1 Which of the following is NOT redistribution of income? Market Intervention Market Pricing Pigouvian Taxes O Transfer Payments Question 2 Which of the following is NOT a government role in the economy? Enforce contracts O Protect ownership rights Set prices O Protect fair competition 1 pts 1 pts

Which of the following is NOT redistribution of income? Market Intervention Market Pricing Pigouvian Taxes Transfer Payments Question 2 1pt Which of the following is NOT a government role in the economy? Enforce contracts Protect ownership rights Set prices Protect fair competition What is one method governments can use to correct for market failures? Take over corrupt companies Allow monopolies None of these Pass laws to inform consumers Question 4 1 pts Minimum wage is what form of redistribution of income? Transfer payments Progressive taxation Market intervention Market pricing Public goods must meet two requirements. What are they? Shared consumption and non exclusion Limited consumption and non-exclusion Shared consumption and exclusion Exclusive consumption and exclusion