If the market is unable to allocate resources then
A) there is market failure.
B) there is rent-seeking.
C) there are no free-riders.
D) none of these choices.
A
You might also like to view...
Which of the following would slow down productivity growth?
a. A change in the composition of the workforce so that more middle-aged people and fewer young people are working b. A change in the composition of the workforce so that organizations hire more men who work steadily throughout the year than men who frequently enter and leave the workforce c. The quality of education remaining unchanged d. People starting to invest more in capital goods e. Firms starting to cut down the size of their labor force
The negotiation process between an employer and a union is described as collective bargaining
Indicate whether the statement is true or false