Multiple Choice
The market and public sector are similar in that
A) there is competition among the participants in both sectors.
B) the resources used in both sectors are scarce.
C) the participants in both sectors react to incentives.
D) All of the above are true.
Correct Answer:
Verified
Correct Answer:
Verified
Q223: Which of the following statements is NOT
Q224: The amount of government spending on education
Q225: How do public goods differ from private
Q226: An example of a market failure is<br>A)
Q227: If public subsidies for education were eliminated,
Q229: The funds that polluters pay that gives
Q230: Compared with the market clearing price of
Q231: Which of the following is a government-inhibited
Q232: An effluent fee is a<br>A) subsidy given
Q233: Society is likely to over-allocate resources to