Which of the following is a form of government intervention that is designed to correct market failures?
A. Merit goods.
B. Public goods.
C. Antitrust laws.
D. Laissez faire.
Answer: C
Economics
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Fiscal policy is the manipulation of government spending and taxes
a. True b. False Indicate whether the statement is true or false
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Given your answer in Q17), what is the money multiplier in theory?
What will be an ideal response?
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Total surplus
A) is maximized under perfect competition. B) represents the gains from trade to market participants. C) treats consumer and producer surplus equally. D) All of the above.
Economics
Risk pooling:
A. gathers individuals with similar risks and pools them together. B. reallocates the costs of catastrophes when they occur. C. reallocates the likelihood of catastrophes happening. D. diversifies the risk of catastrophes occurring.
Economics