In the presence of market failure, government involvement will lead to efficient outcomes.
Answer the following statement true (T) or false (F)
False
Economics
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A nation has a population of 260 million people. Of these, 60 million are retired, in the military, institutionalized, or under 16 years old. There are 188 million who are employed and 12 million who are unemployed. What is the unemployment rate?
A. 27% B. 6% C. 9% D. 4%
Economics
A subsidy is a negative tax
Indicate whether the statement is true or false
Economics
Gresham's Law is the tendency for low-quality money to drive high-quality money out of circulation.
a. true b. false
Economics
When long-run average costs decrease as a result of industry growth, there are
A. external diseconomies. B. external economies. C. internal economies. D. internal diseconomies.
Economics