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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Q14: The ability to impose fines, revoke licenses,
Q15: One major role that the government plays
Q16: In a market economy, the government's ability
Q17: Q18: Making blackmail, extortion, and other forms of Q20: Government laws and policies need to be Q21: The principal-agent problem refers to the problem Q22: The situation where "the few who yell Q23: Politicians who have to go through elections Q24: Rent-seeking behavior in public choice theory refers![]()
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