Government intervention may be appropriate to correct market outcomes because of
A) Externalities.
B) Private goods.
C) Production possibilities.
D) None of the choices are correct.
Correct Answer:
Verified
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
Q18: Resources are directed from one industry to
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
Q24: Air pollution best illustrates
A)Market power.
B)An externality.
C)An inequity.
D)Government
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents