The disadvantages of government intervention include
A. reduced regulation.
B. lower taxation.
C. incentive problems.
D. achieving desirable goals.
Answer: C
You might also like to view...
An increase in demand will cause the equilibrium price and quantity to rise, ceteris paribus
Indicate whether the statement is true or false
Why is a firm in perfect competition a price taker?
What will be an ideal response?
Many government programs, such as unemployment compensation, operate on a deficit during recessions and a surplus during periods of economic expansion. The programs are referred to as
A) discretionary fiscal policy. B) automatic stabilizers. C) Ricardian equivalence. D) Recognition time lag.
Refer to the accompanying table below. The average benefit of 2 units of activity is:Units of ActivityTotal CostTotal Benefit0$0$01$30$1002$40$1603$60$1904$100$2105$150$2206$210$225
A. $40 B. $60 C. $20 D. $80