The idea of government failure includes all of the following except:
A. special-interest effect.
B. bureaucratic inefficiency.
C. pressure by special-interest groups.
D. extensive positive externalities from public and quasi-public goods.
Answer: D
Economics
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Airlines often engage in last-minute price cutting to fill remaining empty seats on a flight because this practice will generally
A) discourage rivals from matching price cuts. B) maximize marginal revenue. C) prevent rival airlines from competing in that market. D) increase marginal revenue more than marginal cost.
Economics
Which of the following refers to extremely high rates of inflation for sustained periods of time?
a. deflation b. hyperinflation c. bust d. depression
Economics