Which of the following is a primary economic goal of most governments?

• A. Eliminating all forms of taxation
• B. Promoting economic growth and stability
• C. Ensuring that all goods are provided for free
• D. Maximizing profits for private firms

Answer: (B)

Verified step by step guidance

1. Understand that primary economic goals of governments typically focus on broad societal welfare rather than specific financial outcomes for individuals or firms.
2. Recognize that eliminating all forms of taxation is generally not feasible because governments need revenue to provide public goods and services.
3. Note that ensuring all goods are provided for free is unrealistic because resources are scarce and must be allocated efficiently.
4. Consider that maximizing profits for private firms is a goal of businesses, not governments, whose role is to regulate and support the economy.
5. Identify that promoting economic growth and stability is a common and primary goal of governments, as it helps improve living standards and maintain a healthy economy.