Author Question: Which of the following is true? a. Producing too much pollution could be a market failure, but ... (Read 15 times)

Alygatorr01285 · **on:** Jun 30, 2018

Which of the following is true?
a. Producing too much pollution could be a market failure, but producing too little research cannot.
b. Producing too little research could be a market failure, but producing too much pollution cannot.
c. Both producing too much pollution and producing too little research could be market failures.
d. Market failures mean that government intervention in those areas will improve the results.

Question 2

For a low-income country to develop into a high-income country, ____ is (are) needed.
a. a sustained and rapid expansion in the money supply
b. sustained economic growth
c. tax breaks on consumption goods
d. deflation