Which of the following statements is not true?
A. The United States government alters how resources are allocated in the economy by taxing, spending and issuing regulations.
B. The price mechanism will work best if there are a limited number of firms in each industry.
C. Lack of the provision of public goods is considered a market failure.
D. Not everything produced by the public sector is a public good.
B. The price mechanism will work best if there are a limited number of firms in each industry.
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The ratio of a change in consumption to a change in income is the:
a. consumption function. b. propensity to consume. c. average propensity to consume. d. extra propensity to consume. e. marginal propensity to consume.
The value of a stock is based on the
a. present values of the dividend stream and final price. As a result, the value of a stock rises when interest rates rise. b. present values of the dividend stream and final price. As a result, the value of a stock falls when interest rates rise. c. future values of the dividend stream and final price. As a result, the value of a stock rises when interest rates rises. d. future values of the dividend stream and final price. As a result, the value of a stock falls when interest rates rise.
Other than the incentive for the federal government to accrue debt, what other problems are associated with the Fed keeping interest rates low.
What will be an ideal response?
A standard deck of playing cards has 52 cards with 13 cards in each of the four suits; hearts, diamonds, spades, and clubs. Each of the four suits has a king card. If a single card is drawn from a standard deck, what is the probability that the card will be the king of spades?
A) 0.25 B) 0.077 C) 0.019 D) 0.05