Market failure: A case in which the __________ of govt intervention causes too much/not enough of a good to be produced at a ______ which is not ________________

Fill in the blank(s) with the appropriate word(s).


Ans: absence, price, socially optimal

Economics

You might also like to view...

Which measure of inflation best reflects underlying trends in the economy?

A. Core inflation B. Headline inflation C. Overall inflation D. Nominal inflation

Economics

Crowding out will lead to a decrease in supply of loanable funds, a decrease in real interest rates, and subsequently a decrease in spending by households and firms

a. True b. False Indicate whether the statement is true or false

Economics

The demand for reserves curve in the federal funds market is

A) horizontal. B) vertical. C) upward sloping. D) downward sloping.

Economics

Managerial economics:

A. has little to say about day-to-day decisions. B. is the study of how to get rich in the stock market. C. is not relevant for managers of not-for-profit groups. D. is valuable to the coordinator of a shelter for the homeless.

Economics