Catering to special interest lobbying may distort the government's provision of public goods away from the social optimum
Indicate whether the statement is true or false
T
Economics
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If the international price of oranges is less than the domestic price of oranges in Spain, then Spain will export oranges to other countries
a. True b. False Indicate whether the statement is true or false
Economics
Laissez-faire proponents contend that the government can serve a valuable role in encouraging firms to engage in research and development by creating a patent system
Indicate whether the statement is true or false
Economics
If a woman marries her housekeeper, GDP would remain constant
a. True b. False Indicate whether the statement is true or false
Economics
What are the characteristics of monopolies?
What will be an ideal response?
Economics