In a market system, one symptom of market failure is:
A) competition
B) falling prices
C) scarcity of resources.
D) air pollution.
E) surplus.
Correct Answer:
Verified
Q44: Market failure occurs when
A)stock markets crash because
Q45: Government price controls:
A)undermine the market's ability to
Q46: Economics is different from other disciplines like
Q47: A good economic theory:
A)must be based on
Q48: The simple circular flow model shows that:
A)firms
Q50: The circular flow model shows that
A)households receive
Q51: An economic theory
A)always includes every detail that
Q52: In a market system, decisions about how
Q53: A decrease in the price of corn
Q54: An economic theory is tested by:
A)assessing the
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