Give three examples of “government failure” in the news
Please provide the best answer for the statement.
The answer will depend on selections from the Last Word. Here are three possible choices: (1) The squandering of disaster relief for victims of the 2005 Hurricane Katrina. (2) The 2009 American Recovery and Reinvestment Act included many unnecessary and inefficient grants that did little to stimulate the economy. (3) In 2011 an audit revealed the government had paid a significant amount of money to retired Federal employees who had been deceased over the previous five years. Checks were illegally cashed by living relatives.
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According to Say's law,
A) desired expenditures cannot be compared with actual expenditures. B) desired expenditures are always less than actual expenditures. C) desired expenditures are always equal to actual expenditures. D) desired expenditures are always more than actual expenditures.
Which of the following observations is true? a. Sunk costs are irrelevant for any future action
b. Sunk costs should not be ignored when making decisions. c. Sunk costs are often hidden. d. Sunk costs can be recovered using corrective measures.
If the supply curve does not shift, an increase in demand results in a(n)
a. increase in equilibrium price and a decrease in equilibrium quantity b. decrease in equilibrium price and a decrease in equilibrium quantity c. increase in equilibrium price and an increase in equilibrium quantity d. decrease in equilibrium price and an increase in equilibrium quantity e. increase in supply
The labor force of a country is 150 million, of which 60 million are employed. Therefore, the unemployment rate in this country is 40%
a. True b. False Indicate whether the statement is true or false