The basic cause of deadweight losses from the existence of common resources and externalities is
A) the use of a market system to deal with scarcity.
B) the self-interested rationality of human beings.
C) the absence of government intervention.
D) a lack of clearly defined and enforceable property rights.
D
Economics
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A goal of ________ is to give patients an incentive to pay more attention to the prices of medical services. This would tend to increase economic efficiency by decreasing the costs of medical services
A) government-provided health care B) market-based reforms of the health care system C) socialized medicine D) the Patient Protection and Affordable Care Act (ACA)
Economics
Resources employed to persuade government to redistribute income and wealth to special interests are unproductive
a. True b. False
Economics