Which of the following is likely to cause a market failure and be overconsumed?

A. Cable TV
B. Education
C. Public health
D. Grazing pastureland

Answer: D

Economics

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The type of policy that involves interest rates and the availability of loanable funds is known as:

A) fiscal policy. B) monetary policy. C) strategic financial policy. D) federal policy.

Economics

Which of the following statements is FALSE?

A) The official absolute poverty level in the United States is far above the average income of many countries in the world. B) In a relative sense, the problem of poverty will always exist. C) An equal distribution of income would eliminate relative poverty. D) An equal distribution of income would eliminate absolute poverty.

Economics