Market failures occur whenever
A) private returns may be greater than social returns.
B) social returns may be greater than private returns.
C) the free market produces less than what is socially optimal.
D) monopolies exist in a market.
E) All of the above.
Question 2
The sale of
A) a used textbook does enter GNP.
B) a used textbook does not enter GNP, but the sale of a used house does.
C) both a used textbook and a used house do not enter GNP.
D) a used house does not enter GNP, but the sale of a used book does.
E) the GNP does not include sale of used items priced below 1000.
Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o
This chart illustrates the bottom up assumption about government. In this, attitudes, culture, and
The main avenue to the upward social mobility reviewed in the text has been higher education.
Economic and Social Development
Although the highest rates of disordered eating patterns occur among females, males are not immune
Stock Market Tracks Growth in GDP