Which of the following is true?
A) If a majority of voters favor a proposal, it will achieve positive results.
B) If there is an economic problem, the government will be able to solve it.
C) A good outcome is guaranteed when a government program is created with good intentions.
D) Even if government programs are implemented with good intentions, they may lead to undesirable outcomes.
D) Even if government programs are implemented with good intentions, they may lead to undesirable outcomes.
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If a single firm can meet the entire market demand at a lower average total cost than a larger number of smaller firms, the single firm is
A) price discriminating. B) a natural monopoly. C) a legal monopoly. D) efficient when profit maximizing. E) an ownership-of-the-market monopoly.
If the government wants to minimize the welfare loss of a tax, it should tax goods with more inelastic demands or supplies
Indicate whether the statement is true or false