The difficulties in managing government in a market economy include the following, except
A) the need for complex bureaucracy of various levels.
B) the need for detailed paperwork and inflexibility.
C) the close resemblance of government to the "invisible hand."
D) the lack of accountability in government.
Correct Answer:
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Q152: The situation where politicians make decisions that
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Q157: The so-called collective-action problem refers to the
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Q160: Government's ability to reduce private-sector economic risks
Q161: So-called business cycles refer to the multiyear
Q162: Monetary policy refers to the government's attempt
Q163: The so-called collective action problem is the
Q164: "Unfunded liability" refers to a government commitment
Q191: The special-interest effect in government decision making
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