This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is government failure? What will be an ideal response?[br][br][b][color=black]Question ... (Read 26 times)

B

  • Hero Member
  • *****
  • Posts: 570
on: Jun 29, 2018
What is government failure?
 
  What will be an ideal response?

Question 2

What is the output gap? How does it change when the economy goes into recession?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

heinisk01

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

Government failure occurs when the government becomes the tool of the rent seeker and the allocation of resources is made even less efficient by the intervention of government.

Answer to Question 2

The output gap equals the difference between real GDP and potential GDP. When the economy goes into a recession, the output gap becomes negative.


B

  • Member
  • Posts: 570
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

bigsis44

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Growth of arg Mutants in Response to Supplements Growth of arg Mutants in Response to Supplements
Family interactions change in response to the developing child, and parenting characteristics, such ... Family interactions change in response to the developing child, and parenting characteristics, such ...
Color Is Not Always an Indicator of Whether Meat Is Thoroughly Cooked Color Is Not Always an Indicator of Whether Meat Is Thoroughly Cooked
Molecular Genetics DNA picture matching question Molecular Genetics DNA picture matching question
Clock Trig Question Clock Trig Question
Example of an antibody-mediated immune response. Example of an antibody-mediated immune response.
Video: Replication of DNA and Chromosomes/ How do cells replicate their DNA? (Animation) no Audio

For a complete list of videos, visit our video library