Paternalism is the view that ________
A) consumers do not always know what is best for them, and the government should encourage or induce them to change their actions
B) producers do not always have the resources required for the production of a good, and the government should provide them with these resources
C) the government should impose a tax on an economic activity only if it generates a negative externality
D) the government has the supreme power to decide which goods are to be taxed and which are to be subsidized
A
You might also like to view...
In the short run, if the economy is at full employment, then the quantity of real GDP
A) is equal to potential GDP, and the unemployment rate is equal to the natural unemployment rate. B) does not necessarily equal potential GDP, but the unemployment rate is equal to the natural unemployment rate. C) is equal to potential GDP, but the unemployment rate does not necessarily equal the natural unemployment rate. D) is equal to potential GDP, but the unemployment rate is less than the natural unemployment rate. E) exceeds potential GDP, and the unemployment rate is less than the natural unemployment rate.
Because of the number of firms in monopolistic competition,
A) each firm has a large market share. B) it is possible for the firms to collude. C) no one firm can dominate the market. D) one firm has the ability to dictate market conditions. E) each firm must carefully monitor what its competitors do.
Cyclical unemployment results from: a. a mismatch of skills
b. being in the wrong geographical location. c. monetary cost and the time it takes to find the best job. d. seasonal decreases in demand for labor. e. prolonged declines in business activity.
"In-kind" rather than cash transfer payments are represented by
A. public assistance payments. B. unemployment insurance benefits. C. Social Security benefits. D. food stamps.