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 23 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
Great answer, keep it coming :)

dawsa925

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Variation in coat pattern in zebras. The patterns show progressively more black left to right and to Variation in coat pattern in zebras. The patterns show progressively more black left to right and to
Question Question
Please solve this quadractic question Please solve this quadractic question
Response of corn selected for high and low oil content over 76 generations Response of corn selected for high and low oil content over 76 generations
Question 37 Part 2 Question 37 Part 2
Economics question Economics question
Video: Causes of Angina

For a complete list of videos, visit our video library