Author Question: The government of Denin owns most of the profitable industries in the country that provide jobs, ... (Read 150 times)

evelyn o bentley · **on:** Jul 8, 2018

The government of Denin owns most of the profitable industries in the country that provide jobs, goods, and services to its citizens.

The government determines the production rate and prices of products in the market to prevent market failures. The government also restricts imports to help domestic industries. Hence, Denin represents a ________.
A. liberalist state
B. laissez faire economy
C. free market economy
D. capitalist state
E. command economy

Question 2

Which of the following market failures is a consequence of increasing returns to scale by a particular company?

A. externality
B. failure to provide public goods
C. information asymmetry
D. sustainability issues
E. monopoly