When our resources are NOT allocated efficiently,we have _______________.
A) answered the basic economic questions
B) a market failure
C) a government failure
D) market equity
Correct Answer:
Verified
Q65: Statement I.Pollution is an example of market
Q66: Statement I.Market failure rarely happens under capitalism.
Statement
Q67: Statement I.Public goods tend to be indivisible.
Statement
Q68: Which statement is most accurate?
A)Communism is completely
Q69: The U.S.distribution system is
A)identical to that of
Q71: Externalities consist of _.
A)only external costs
B)only external
Q72: Of the 39 million Americans living in
Q73: Which does not fit with the others?
A)Competition
B)Government
Q74: Statement I.Pollution is an example of a
Q75: Market failure means that
A)the law of
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