The so-called "bridge to nowhere" in Alaska is an example of
A. a market failure.
B. the incentive for politicians to bring home as much federal money as possible.
C. a government failure.
D. a market failure AND the incentive for politicians to bring home as much federal money as possible.
E. the incentive for politicians to bring home as much federal money as possible AND a government failure.
E. the incentive for politicians to bring home as much federal money as possible AND a government failure.
You might also like to view...
Which of the following equations correctly measures GDP in an economy?
A) GDP = C + I + G + NX B) GDP = C + I + G + X C) GDP = C + net I + G + NX D) GDP = C + G + I - taxes
If the consumption function is defined as C = 5,500 + 0.9Y, what is the marginal propensity to consume?
A) 0.1 B) 0.9 C) 5.5 D) 6.1