The two most important rationales for government intervention in non-monopolistic markets are
A) market failure and asymmetric information.
B) substandard products and job creation for public employees.
C) job creation and income maintenance.
D) unfair pricing and usury.
A
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Among the causes of an increase in labor demand is ________
A) improved availability and affordability of day care for children B) an increase in enrollment at colleges C) an increase in the college wage premium D) an expansion of economic activity
An increase in demand for French fries will cause equilibrium wage rates:
a. and quantities of potato workers hired to rise. b. and quantities of potato workers hired to fall. c. to rise and quantities of potato workers hired to fall. d. to fall and quantities of potato workers hired to rise. e. and quantities of potato workers hired to stay the same.