The Basic Principles of Economics Suggest That

question 80

Multiple Choice

The basic principles of economics suggest that

• A)markets are seldom,if ever,a good way to organize economic activity.
• B)government should become involved in markets when trade between countries is involved.
• C)government should become involved in markets when those markets fail to produce efficient or fair outcomes.
• D)All of the above are correct.

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Definitions:

Alkene

Hydrocarbons that contain at least one double bond between carbon atoms, part of the unsaturated hydrocarbons class.

Molar Heat

The heat absorbed or released by one mole of a substance during a phase change or chemical reaction, often measured in Joules per mole (J/mol).

Bredt's Rule

A principle stating that bridged bicyclic compounds cannot have a double bond at a bridgehead position unless the rings are sufficiently large.

Catalytic Cracking

A chemical process used in petroleum refineries to break down large, heavy hydrocarbon molecules into smaller, more useful ones, often utilizing a catalyst.