Externalities are a sign of:

A. the effectiveness of the free market economy.
B. failure in the free market economy.
C. the effectiveness of socialism.
D. failure in socialist economies.

Answer: B

Political Science

You might also like to view...

Some Cold War revisionists saw Stalin’s view of the Marshall Plan as something that could be a threat to the Soviet sphere of influence if used to assist Eastern Europe after World War II, as essentially correct because __________

a. it was basically an extension of containment, more than economic assistance to countries battered during World War II b. it would have provided equal military assistance to East Germany and West Germany, and possibly led to early reunification c. The United States wanted to turn the Eastern European nations into capitalist democracies as soon as possible, despite its seeming humanitarianism d. they saw the Marshall Plan as a ruse, as something to be used merely as a way of expanding markets for American goods and services

Political Science

The denial of societal rights led to the ______.

a. Arab Spring b. French Revolution c. Declaration of Independence d. suffrage movement

Political Science