Market failures are less likely to occur whenever
A) private returns are greater than social returns.
B) social returns are greater than private returns.
C) the free market produces less than what is socially optimal.
D) new firms can easily attract start-up capital.
D
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Relative to an environment with free trade and no tariff, the winners from the tariff are the domestic ________, and the losers from the tariff are the domestic______. 
A. consumers of sugar and the government; producers of sugar B. producers of sugar; consumers of sugar and the government C. consumers of sugar; producers of sugar D. producers of sugar and the government; consumers of sugar
Securitization is a process of asset transformation that involves a number of different financial institutions working together. These financial institutions are known collectively as the
A) transformers. B) amalgamation. C) movers and shakers. D) shadow banking system.
Profit maximization is
A. the only motive of any firm’s management. B. a behavioral assumption to simplify analysis. C. the same as satisficing. D. a literal description of a firm’s behavior.
The invisible hand ensures that economic prosperity is distributed equally
a. True b. False Indicate whether the statement is true or false