When the invisible hand does not produce optimal outcomes for the economy, there is evidence of
A. Government failure.
B. Scarcity.
C. Market failure.
D. Macroeconomic failure.
Answer: C
Economics
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Social insurance programs are designed to provide financial assistance to people who have fallen into poverty
Indicate whether the statement is true or false
Economics
During a period when output and employment is falling, the government will try to:
A. Increase tax rates B. Increase interest rates C. Reduce government spending D. Stimulate borrowing and spending
Economics