Government failure means that government intervention fails to move us closer to our economic goals.
Answer the following statement true (T) or false (F)
True
Government intervention that fails to improve economic outcomes is known as government failure.
Economics
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The probability of being detected after committing a murder in Richland is 0.8, and if detected the murderer is imprisoned for a minimum of 10 years. What is the expected punishment in this case?
A) 2 years B) 8 years C) 12 years D) 10 years
Economics
What is the difference between economic efficiency and equity?
What will be an ideal response?
Economics