Hands-off and hands-on economists agree that externalities from research and development create a role for government in correcting market failure.
Correct Answer:
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Q115: Positive externalities are costs that affect others
Q116: Education and training create positive externalities, promoting
Q117: The "No - Markets Fail Often" camp
Q118: The "Yes - Markets Self-Adjust" camp strongly
Q119: Fiscal policies encouraging savings and future economic
Q121: The economy is in a recession and
Q122: During an expansion, tax revenues
A) fall and
Q123: An economy has $20 billion in debt
Q124: There is a cyclical deficit when
A) government
Q125: An economy has $40 billion in debt
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