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
Q13: The term market mechanism refers to
A)The use
Q14: Which of the following is a source
Q15: The optimal mix of output is always
Q16: From an economic standpoint,government intervention is justified
A)When
Q17: Which of the following is possible when
Q19: Government intervention may be appropriate to correct
Q20: Market failure implies that the market mechanism
A)Leads
Q21: Which of the following is the government
Q22: Externalities
A)Occur because of government failure.
B)Are the costs
Q23: Which of the following is a sound
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