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Author Question: Market failure can result from market outcomes that: a. result in too few resources devoted to a ... (Read 102 times)

maegan_martin

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on: Jun 30, 2018
Market failure can result from market outcomes that:
 a. result in too few resources devoted to a good.
  b. result in too many resources devoted to a good.
  c. may justify government intervention.
  d. all of these.

Question 2

A minimum wage that is set below the equilibrium wage will:
 a. cause increased unemployment.
  b. have no effect on employment.
  c. cause the overall wage to increase.
  d. cause the overall wage to decrease.
  e. create more jobs.


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Meganchabluk

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


maegan_martin

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Reply #2 on: Jun 30, 2018
Thank you :)


Meganchabluk

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Reply #3 on: Jun 30, 2018
Happy to help you


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