Multiple Choice
The price system will allocate resources efficiently except when
A) consumers decide they want more of a good.
B) no externalities exist.
C) farmers decide to produce more corn.
D) market failures exist.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q45: The government corrects for externalities in all
Q49: An external cost, such as the cost
Q105: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -What would happen
Q195: What is an externality? How do positive
Q245: List and explain the four key assumptions
Q309: All of the following are characteristics of
Q313: Which of the following is NOT an
Q315: A political function of government is to<br>A)
Q331: An example of a negative externality created
Q332: Market failure occurs when<br>A) the price system