Politicians always agree with economists about the most efficient way of doing things
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
The figure below shows the supply and demand curves for oranges in Smallville. 
At a price of $4 per pound there will be an excess ________ of ________ pounds of oranges per day.
A. demand; 20 B. supply; 20 C. demand; 30 D. supply; 10
Which of the following statements is correct?
A) The slope of a curved line is not defined because it is impossible to calculate the slope along a curved line. B) The slope of a straight line changes depending where on the line it is calculated. C) A straight line that slopes upward moving to the right has a positive slope. D) Answers A and B are correct. E) Answers A and C are correct.
The Coase theorem deals with the problem of pollution by
A) giving the government regulatory power over polluters. B) making all polluters stop polluting. C) establishing and enforcing private property rights. D) having the government take over ownership of all polluting processes. E) allowing the government to set the proper emission charge.
What is a natural monopoly and what problem does natural monopoly pose for regulators?
What will be an ideal response?