Which of the following public policies is best supported by the core value of free enterprise?

• A. Reducing government regulations on businesses
• B. Setting minimum production quotas for firms
• C. Imposing price controls on essential goods
• D. Nationalizing major industries

Answer: (A)

Verified step by step guidance

1. Understand the core value of free enterprise, which emphasizes minimal government intervention, allowing businesses to operate competitively and independently in the market.
2. Analyze each policy option in terms of how much government control or intervention it involves:
3. - Reducing government regulations on businesses means less interference, promoting competition and entrepreneurial freedom.
4. - Setting minimum production quotas for firms involves direct government control over how much firms must produce, which restricts business freedom.
5. - Imposing price controls on essential goods means the government sets prices, limiting the ability of businesses to respond to market forces.
6. - Nationalizing major industries means the government takes ownership and control, which is contrary to the principle of private enterprise.