The difficulties in managing government in a market economy include the following, except:
A. The need for complex bureaucracy of various levels
B. The need for detailed paperwork and inflexibility
C. The close resemblance of government to the "invisible hand"
D. The lack of accountability in government
C. The close resemblance of government to the "invisible hand"
You might also like to view...
The table above shows the exchange rates between various currencies and the U.S. dollar. Between 2015 and 2016, the Euro ________ against the U.S. dollar, the U.S. dollar ________ against the Japanese yen and the U.S
dollar ________ against the Canadian dollar A) depreciated, appreciated, appreciated B) depreciated, depreciated, appreciated C) appreciated, appreciated, appreciated D) appreciated, depreciated, depreciated
The primary problem with the argument that "we agree to be coerced if everyone is coerced" to do an action is _____
a. there is no way to know whether it is true or not b. it only applies to a limited number of situations c. it only applies to actions in the public interest d. there is no way to force everyone else to go along
If it's possible to eliminate the problems created by externalities, why do they persist?
A. Correcting externalities would always reduce total surplus. B. It is difficult to measure external benefits and costs. C. The benefits of correcting the externalities generally exceed the costs. D. None of these statements is true.
The value of the best alternative foregone is the opportunity cost of making a decision.
Answer the following statement true (T) or false (F)