This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is government failure? What will be an ideal response?[br][br][b][color=black]Question ... (Read 32 times)

B

  • Hero Member
  • *****
  • Posts: 570
on: Jun 29, 2018
What is government failure?
 
  What will be an ideal response?

Question 2

What is the output gap? How does it change when the economy goes into recession?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

heinisk01

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

Government failure occurs when the government becomes the tool of the rent seeker and the allocation of resources is made even less efficient by the intervention of government.

Answer to Question 2

The output gap equals the difference between real GDP and potential GDP. When the economy goes into a recession, the output gap becomes negative.


B

  • Member
  • Posts: 570
Reply 2 on: Jun 29, 2018
Gracias!

dawsa925

  • Member
  • Posts: 326
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Synaptic response of photoreceptors to dark and light. Synaptic response of photoreceptors to dark and light.
Pulley from the question Pulley from the question
question asked question asked
Drugs for Early and Moderate Heart Failure Drugs for Early and Moderate Heart Failure
Answer to Chem Question Answer to Chem Question
economic question economic question
Video: Cognitive development by Piaget (Preoperational stage or intelligence)

For a complete list of videos, visit our video library