Markets fail to allocate resources efficiently when:
A) prices fluctuate.
B) people who have property rights abuse their privileges.
C) property rights are not well established.
D) the government privatizes an industry.
E) the government refuses to intervene in private markets.
Correct Answer:
Verified
Q11: In a market economy,government intervention:
A) may improve
Q13: Which good is non-rival?
A) sharing a pizza
Q14: Clean air becomes polluted because:
A) it is
Q20: A major reason why the market for
Q68: Which good has well-defined property rights?
A) wild
Q82: Consider the production of a private good,such
Q83: Which goods are sold in markets?
A) private
Q85: Which of the following characteristics best defines
Q98: Museum visits in a particular city are
Q132: Copyright laws exist to
A) eliminate negative externalities.
B)
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