All of the Following Are Justifications for Government Intervention Except

question 60

Multiple Choice

All of the following are justifications for government intervention except:

• A) too much competition.
• B) informational problems.
• C) externalities.
• D) public goods.

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Definitions:

Line Segment RS

A part of a line that is bounded by two distinct end points, R and S, and contains every point on the line between R and S.

Unemployed Resources

Resources such as labor and capital that are not currently being used in the production process.

Classical Macroeconomic Theory

An economic theory that emphasizes the self-regulating nature of markets and the natural adjustments of markets to achieve full employment equilibrium.

Flexible Interest Rate

refers to an interest rate that can change over the term of a loan or deposit based on market conditions.