Multiple Choice
Government intervention in the market
A) Always involves an opportunity cost.
B) Never involves an opportunity cost because only market activities result in other goods and services being given up.
C) Does not involve an opportunity cost if market outcomes are improved.
D) Results in the free-rider dilemma.
Correct Answer:
Verified
Correct Answer:
Verified
Q56: Government intervention can serve to stabilize the
Q57: Antitrust activity addresses<br>A)Market power.<br>B)Inequity.<br>C)Macro instability.<br>D)Public goods.
Q58: Resources are directed from one industry to
Q59: Most of the direct spending at the
Q60: If production in the economy is efficient,then
Q62: In general,state and local taxes tend to
Q63: Explain why government-funded college education can be
Q64: If Good X has social demand that
Q65: If the consumption of a good yields
Q66: The market mechanism leads to underproduction of