If government action is likely to do some good, it is always best for government to intervene in the marketplace.
Correct Answer:
Verified
Q6: Direct regulation means that government sets specific
Q7: If a market has no externalities, marginal
Q8: If a program requires people to pay
Q9: An optimal policy is one in which
Q10: Government attempts to offset market failures can
Q12: Economists tend to believe that market incentive
Q13: Economists generally prefer direct regulation to incentive-based
Q14: Economists generally call the effect of an
Q15: Alex is playing his music at full
Q16: Externalities can be either positive or negative.
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