The problems of externalities and poorly formed property rights are:
A. better solved by private rather than government action.
B. the only two legitimate reasons for creating government.
C. among several rationales for the existence of government.
D. minor in modern economies.
Answer: C
Economics
You might also like to view...
Which of the following is the most common form of business organization in the United States?
A) proprietorship B) partnership C) corporation D) S-corporation
Economics
If an increase in income leads to an increase in the demand for sushi, then sushi is
A) a normal good. B) a neutral good. C) a complement. D) a necessity.
Economics