Areason for government involvement in a market economy is:
a. markets sometimes fail to prod...
Business, 21.01.2020 20:31 michaelwthms
Areason for government involvement in a market economy is:
a. markets sometimes fail to produce a fair distribution of economic resources.
b. markets sometimes fail to produce an efficient allocation of resources.
c. property rights have to be enforced to promote innovation in an economy.
d. all of these answers are correct.
Answers: 2
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Kimberly has been jonah in preparing his personal income tax forms for a couple of years. jonah's boss recommended kimberly because she had done a good job setting up the company's new accounting system. jonah is very satisfied with kimberly's work and feels that the fees she charges are quite reasonable. kimberly would be classified as a(n) (a) independent auditor (b) private accountant (c) public accountant (d) accounting broker
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True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product
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Which of the following results in an increase in the standard of living? a. an increase in unemployment pushes down the cost of production. b. wages go up to correct for the inflation of prices. c. income increases, enabling consumers to buy more goods and services. d. rising production costs drive up the price of goods and services.
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