Resources are directed from one industry to another by
A) Changes in market prices.
B) Market failure.
C) Government failure.
D) None of the choices are correct.
Correct Answer:
Verified
Q1: Any imperfection in the market mechanism that
Q2: Market failure implies that the market mechanism
A)Leads
Q3: A private good
A)Is consumed by one person
Q4: Government intervention may be appropriate to correct
Q5: The most desirable combination of output attainable
Q7: The optimal mix of output is the
Q8: The optimal mix of output is always
Q9: When market failure occurs,the role of government
Q10: Which of the following is a source
Q11: In a market economy,producers will produce the
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