Government failure occurs when the government becomes the tool of the rent seeker and resource allocation becomes even less efficient.
Answer the following statement true (T) or false (F)
True
You might also like to view...
In a sealed-bid first price auction, if you notice that your competition is weaker, you should
a. Shade your bid more b. Shade your bid less c. Bid more aggressively d. Both B&C
If a leader wanted to show how many weapons she would have to give up in order to increase food production to a certain level, she could use a(n) ______.
a. production possibilities curve b. circular flow diagram c. demand curve d. interest calculator
As shown in Exhibit 3, ______ can produce both cloth and food ______.
a. Wendy; more productively
b. Wendy; at a lower opportunity cost
c. Calvin; more productively
d. Calvin; at a lower opportunity cost
If the MPC were to increase from 0.75 to 0.8, then the spending multiplier would:
A. increase from 4 to 5. B. decrease from 1.25 to 1.2. C. decrease from 5 to 4. D. increase from 0.2 to 0.25.