When Using Measuring Instruments, Be Sure to Use an Instrument

question 38

True/False

When using measuring instruments, be sure to use an instrument that has a rating less than the highest value of electricity that you expect to be measuring.

Identify activities exclusive to government and how they impact economic efficiency and resource allocation.

Assess how government enforcement (or lack thereof) of contracts and laws influences economic activity.

Analyze the role of government in market economies, including its power to coerce and how it affects economic efficiency and private-sector risk.

Understand the concept of government failure, its causes, and consequences.