A government-inhibited good is one that
A. the political process has determined is socially undesirable.
B. freely competitive markets have determined is socially desirable.
C. the political process has determined is socially desirable.
D. we want to encourage the consumption of.
Answer: A
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According to new growth theory, technological change is driven by
A) random chance. B) government policies. C) foreign firms' attempts to increase their sales in the domestic market. D) firms' attempts to increase their profit.
The XYZ Co is hiring salespersons. They will be paid a very attractive hourly rate that is independent of how much they sell. Describe an adverse selection that would take place. Describe a moral hazard that would take place
What will be an ideal response?
A decrease in the price of a currency in terms of another under a flexible exchange rate regime is called:
a. capital flight. b. depreciation. c. revaluation. d. devaluation. e. currency adjustment.
Mortgage loans made to borrowers with a more limited ability to repay are known as
a. subprime mortgages. b. credit default swaps. c. leveraged securities. d. mortgage backed securities.