Micro and macro failures of the marketplace never justify government intervention.
Answer the following statement true (T) or false (F)
False
The potential micro and macro failures of the marketplace provide specific justification for government intervention.
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Under a fixed exchange rate system, to prevent the depreciation of the dollar as a result of a balance of payments deficit, the Fed will increase the demand for dollars by supplying a foreign currency from its reserve assets
Indicate whether the statement is true or false
In time series data, it is useful to think of a randomized controlled experiment
A) consisting of the same subject being given different treatments at different points in time B) consisting of different subjects being given the same treatment at the same point in time C) as being non-existent (this is a time series after all, and there are no real "parallel universes" D) consisting of the at least two subjects being given different treatments at the same point in time
The United States has had a long history of work time lost due to worker strikes. This trend has
a. increased over time. b. decreased over time. c. stayed relatively constant during the past century. d. been less of a problem compared to other countries such as Japan.
Which of the following is true about the price elasticity of demand on the top part of a linear demand curve?
a. Demand is inelastic. b. Demand is unitary elastic. c. It is impossible to tell. d. Demand is elastic.