A possible problem of democracy
A) is moral hazard.
B) is protected property rights.
C) is mob rule.
D) none of these choices is a problem.
Correct Answer:
Verified
Q28: Government rules and regulations can, at times,
A)higher
Q29: Positive externalities lead to under supply in
Q30: Common property can lead to market failure.
Q31: When bankers make loans they do not
Q32: Buying insurance can create a moral hazard.
Q34: Government rules can increase transparency and lower
Q35: Public goods are produced by profit-seeking firms.
Q36: Positive and negative externalities can lead to
Q37: Negative externalities are benefits that people lose
Q38: Clearly defined property rights can create negative
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