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Author Question: The __________ suggests that government must exert a far more extensive role in markets, given that ... (Read 66 times)

dejastew

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on: Jun 19, 2018
The __________ suggests that government must exert a far more extensive role in
  markets, given that self-interested incentives create wide-ranging market failures.
 
  a. invisible hand model
  b. law and regulation model
  c. professional ethics model
  d. incentive-compatible institutional design

Question 2

Duties and obligations are
 
  a. completely different concepts
  b. a belief that people should act to maximize the utility of everyone involved
  c. the view that people ought to do whatever is in their self-interests.
  d. a requirement to do something


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Bison

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Reply #1 on: Jun 19, 2018
Answer to Question 1

B

Answer to Question 2

D


dejastew

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Reply 2 on: Jun 19, 2018
Thanks for the timely response, appreciate it

brbarasa

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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