Which of the Following Statements Is Not True

question 257

Multiple Choice

Which of the following statements is not true?

• A)Our government alters how resources are allocated in the economy by taxing,spending and issuing regulations.
• B)The price mechanism will work best if there are a limited number of firms in each industry.
• C)Lack of the provision of public goods is considered a market failure.
• D)Not everything produced by the public sector is a public good.

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Definitions:

Settlement Week

An ADR technique in which the court clears its docket of all business except settlement hearings.

Arbitration Session

A meeting where a neutral third party hears disputes from involved parties and makes a decision to resolve the issue.

Collective Science Court

A hypothetical or proposed tribunal designed to adjudicate disputes and issues specifically within the scientific community, emphasizing collective expertise.

Technology

The application of scientific knowledge for practical purposes, especially in industry.