Multiple Choice
Market failures
A) are usually caused by government interference in the economy.
B) prevent the price system from attaining economic efficiency.
C) encourage people to purchase more of a good than they really want.
D) encourage businesses to produce more of a good than they really want to.
Correct Answer:
Verified
Correct Answer:
Verified
Q115: What is the assumption underlying public-choice theory?<br>A)
Q116: What is the free-rider problem, and how
Q117: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above
Q118: The provision of a legal system is
Q119: Public goods are desired because<br>A) people want
Q121: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" A shift from
Q122: Public goods are basically<br>A) rival in consumption.<br>B)
Q123: Medicare<br>A) subsidizes the care of older people,
Q124: Receiving a voucher for an apartment in
Q125: Which of the following might be considered