Which of the following is a source of market failure?
A) an inequitable income distribution
B) unforeseen circumstances which leads to the bankruptcy of many firms
C) a lack of government intervention in a market
D) incomplete property rights or inability to enforce property rights
D
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The four components of aggregate expenditures are:
A. consumption, investment, government spending, and net exports. B. consumption, interest payments, government spending, and net exports. C. consumption, imports, government spending, and net exports. D. consumer durables, investment, government spending, and net exports.
A company's computer is classified as what account type
a. Expense b. Owner's Equity c. Fixed Asset d. Retained Earnings
The introduction of steamboats:
a. led to dramatic declines in the price of upstream transport. b. led to moderate declines in the price of downstream transport. c. is the primary reason for falling transportation costs in the early 1800s. d. led to an initial decrease in transport costs that continued to fall due to learning by doing and the construction of lighter boats with increased capacity. e. All of the above.
Suppose $1 Canadian is worth 13 Mexican pesos, then a bike that costs $2,000 Canadian should sell for 30,000 pesos in Mexico
a. True b. False Indicate whether the statement is true or false