Which of the following is an example of government failure?
A. Bureaucratic delays.
B. Inefficient incentives.
C. Required use of pollution control technology that is obsolete.
D. All of the choices are correct.
Answer: D
You might also like to view...
An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease
Which of the following is a function performed by market prices?
a. Market prices communicate information to buyers and sellers. b. Market prices coordinate the decisions of buyers and sellers. c. Market prices motivate entrepreneurs to produce those products that are currently most desired relative to their costs of production. d. All of the above are functions performed by market prices.
Almost nine-tenths of all spells of unemployment end when the unemployed person finds a job
a. True b. False Indicate whether the statement is true or false
A tax is regressive if it takes a
A. Larger number of dollars as income rises. B. Smaller fraction of dollars as income rises. C. Smaller fraction of dollars as income falls. D. Larger number of dollars as income falls.