Author Question: Which of the following would be an example of market failure? a. Harmful second hand cigarette ... (Read 52 times)

cool · **on:** Jun 30, 2018

Which of the following would be an example of market failure?
a. Harmful second hand cigarette smoke
b. lack of funding for private education
c. underproduction of a good by a monopoly
d. all of the above

Question 2

A nation can achieve higher economic growth if:
a. it devotes more resources to research and development.
b. the productivity of labor declines.
c. taxes are imposed on investment in capital.
d. more resources are allocated to consumption goods.