Deficient information on unsafe products can cause:
A. overconsumption of a product.
B. underconsumption of a product.
C. the government to decide to subsidize a product.
D. collusion among firms.
Answer: A
Economics
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The time it takes for an additional dollar of net government expenditures to work its way through the economy and have its full effect
A) is about one quarter of a year. B) is between one and two years. C) is not yet known precisely because little empirical research has been done on the question. D) probably cannot be predicted from an examination of historical data.
Economics
The market structures known for underproduction of goods are ______ and ______.
a. collusive oligopoly and perfect competition b. game theory and monopoly c. collusive oligopoly and monopoly d. cartels and perfect competition
Economics