"I recognize that the market is effective at getting resources to their most valued uses, but I also recognize that the market can produce results that are grossly unfair." This speaker is implying:
A. neither market failure nor failure of market outcome.
B. both market failure and failure of market outcome.
C. market failure but not failure of market outcome.
D. failure of market outcome but not market failure.
Answer: D
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A) 10 suits per day B) 11 suits per day C) 14 suits per day D) 84 suits per day
Lack of prudential regulation of capital markets in East Asia often led to
a. borrowing short term and lending long term b. borrowing and lending short term c. borrowing and lending long term d. borrowing long term and lending long term e. very little borrowing
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Which of the following will cause the supply curve of loanable funds to shift?
a) Incentives to save. b) Business expectations. c) Product demand. d) Investment tax incentives.