Among the Sources of Economic Inefficiency Are All of the Following

question 4

Multiple Choice

Among the sources of economic inefficiency are all of the following EXCEPT

• A) taxes.
• B) subsidies.
• C) external costs.
• D) competition.

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Definitions:

Transportation Networks

Systems comprised of roads, railways, airports, and waterways that facilitate the movement of people and goods.

Hydroelectric Power

Renewable energy generated by using the movement of water through dams to produce electricity.

Japanese Colonialism

The period during which Japan extended its influence and control over various territories and peoples, primarily in Asia, through colonization, expansion, and imperial administration.

European Colonialism

The policy or practice by which European nations extended their control over foreign territories for economic and political gain.