Which of the following is not a policy implication of the traditional model?
A) For the most part, the government needs to stay out of people's way and let them trade.
B) There is a potential role for government if there are positive externalities.
C) The government should take moral and social incentives into account when considering intervention.
D) There is a potential role for government if there are negative externalities.
Correct Answer:
Verified
Q23: Economists who identify a goal and then
Q24: Behavioral mechanism design economists face which of
Q25: Shadow prices:
A) affect decisions just as money
Q26: To have shadow prices you have to
Q27: One reason economists began to look at
Q29: Traditional economics assumes that:
A) the context of
Q30: Google and Yahoo internet search engines are
Q31: Money prices are:
A) essential to a coordinating
Q32: The opportunity cost concept takes into account:
A)
Q33: If an economist believes that choice architecture
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