Multiple Choice
In a situation where a market failure occurs,
A) any government intervention will improve on the market outcome.
B) there is nothing that the government can do to improve on the market outcome.
C) government intervention might improve on the market outcome.
D) it will always be preferable to have the government intervene in the market.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Trade can occur only if property rights
Q2: Positive economic questions<br>A) involve value judgments.<br>B) address
Q3: Questions that involve value judgments are<br>A) Positive
Q4: Microeconomics<br>A) studies individual decision making.<br>B) studies aggregate
Q6: In most countries,decisions that affect medical expenditures
Q7: Scarcity forces society to confront three critical
Q8: Which of the following top is NOT
Q9: In conducting normative analysis,economists apply<br>A) the principle
Q10: Which of the follow is NOT an
Q11: Microeconomists usually assume that people are motivated