Market failure results in
A. inflation.
B. Pareto optimality.
C. budget deficits.
D. waste.
Answer: D
You might also like to view...
For the Fall semester, you had to pay a nonrefundable fee of $600 for your meal plan, which gives you up to 150 meals. If you eat all of the meals, your average cost for a meal is:
A. $5. B. $4. C. $6. D. $0.25.
The lower the real wage rate, the
A) fewer workers firms can profitably hire. B) more workers firms can profitably hire. C) more workers will supply labor. D) higher the nominal wage rate. E) larger the quantity of labor supplied.
The structural deficit does not depend on the state of the economy.
Answer the following statement true (T) or false (F)
________ is the phenomenon that unusual events are likely to be followed by more nearly normal ones.
A. Loss aversion B. Anchoring and adjustment C. Regression to the mean D. The present aim standard of rationality