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Economics Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Economics? On this page you'll find 1 study documents about Economics.
1. In a market economy, government intervention
a. will always improve market outcomes.
b. reduces efficiency in the presence of externalities.
c. may improve market outcomes in the presence of externalities.
d. is necessary to control individual greed.
ANS: C DIF: 1 REF: 10-0
NAT: Analytic LOC: Markets, market failure, and externalities
TOP: Externalities MSC: Applicative
2. In the absence of externalities, the "invisible hand" leads a market to maximize
a. producer profit from that marke...
ECON 2101 Chapter 10 Externalities Sec00 MULTIPLE CHOICE QUESTIONS AND ANSWERS.
Last document update:
ago
1. In a market economy, government intervention
a. will always improve market outcomes.
b. reduces efficiency in the presence of externalities.
c. may improve market outcomes in the presence of externalities.
d. is necessary to control individual greed.
ANS: C DIF: 1 REF: 10-0
NAT: Analytic LOC: Markets, market failure, and externalities
TOP: Externalities MSC: Applicative
2. In the absence of externalities, the "invisible hand" leads a market to maximize
a. producer profit from that marke...
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