How can government policies reduce market failure?
a. Price controls allot resources fairly.
d. Business incentives promote efficiency.
b. Regulations satisfy special interests.
c. Sales taxes distort market price signals.
b. Regulations satisfy special interests.
You might also like to view...
Which of the following individuals is NOT counted as unemployed?
A) Jackie, who was recently fired and is now applying for another job B) Jennifer, who just graduated from college and is now seeking employment with the company of her dreams. C) Jamil, who recently quit his job and is looking for a new position D) Jack, who has become discouraged about ever finding a job and has stopped looking
According to the law of diminishing marginal utility, the more of a product a person consumes per time period, other things constant:
a. the smaller will be the total utility. b. the smaller the total satisfaction per unit of consumption. c. the smaller the additional utility from an additional unit of consumption. d. the smaller will be the average utility.
The Clayton Act of 1914 prohibits ________ if it substantially lessens competition or creates a monopoly
A) people from serving on the board of directors of competing firms B) contracts that force other goods to be bought from the same firm C) both of the above D) neither of the above
Unemployment insurance and the progressive income tax are two examples of automatic stabilizers
Indicate whether the statement is true or false