Welfare effects are the gains and losses associated with ____ in markets.
A)supply shocks
B)government intervention
C)excess production
D)demand supply gap

Question

Welfare effects are the gains and losses associated with ____ in markets.​
A)​supply shocks
B)​government intervention
C)​excess production
D)​demand supply gap

Quizplus · Accepted Answer

Welfare effects are related to government intervention, such as policies and regulations that affect market outcomes. Supply shocks, excess production, and demand-supply gaps may also have consequences on market outcomes, but they do not directly relate to the welfare effects.

Welfare Effects Are the Gains and Losses Associated with ____