Market failure is a situation in which
A. the market does not provide the ideal or optimal amount of a particular good.
B. there are too many buyers but not enough sellers.
C. prices are too high for "average" people to buy necessities.
D. there is a question over the quality of a product for sale.
Answer: A
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In the balance-of-payments accounts, the statistical discrepancy
A) equals the capital account balance minus the current account balance. B) equals the current account balance minus the capital account balance. C) probably reflects hidden capital flows. D) must equal zero.
A . Explain why many less-developed economies have greater income inequality than more-developed economies. b. What is the key to greater income equality in less-developed economies? Explain
Which of the following shifts short-run aggregate supply left?
a. an increase in the actual price level b. an increase in the expected price level c. an increase in the capital stock d. None of the above is correct.
What does market power refer to?
a) the side effects that may occur in a market b) the government regulations imposed on the sellers in a market c) the ability to influence price d) the forces of supply and demand in determining equilibrium price