Author Question: Paternalism is the view that ________. A) consumers do not always know what is best for them, and ... (Read 77 times)

itsmyluck

  • Hero Member
  • *****
  • Posts: 546
Paternalism is the view that ________.
 
  A) consumers do not always know what is best for them, and the government should encourage or induce them to change their actions
  B) producers do not always have the resources required for the production of a good, and the government should provide them with these resources
  C) the government should impose a tax on an economic activity only if it generates a negative externality
  D) the government has the supreme power to decide which goods are to be taxed and which are to be subsidized

Question 2

A firm is likely to pay higher efficiency wages when:
 
  A) it is easy to monitor workers.
  B) it is not easy to monitor workers.
  C) workers do not have a tendency to shirk at work.
  D) the minimum wages are set above the equilibrium wage rate.



mmpiza

  • Sr. Member
  • ****
  • Posts: 354
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

For a complete list of videos, visit our video library