Economists Typically View Government-Supported Programs Such as Arts and Movies

question 50

Multiple Choice

Economists typically view government-supported programs such as arts and movies as:

• A) efficient; these are public goods that would be underproduced in the market.
• B) inefficient; if people valued these things they should be willing to pay for them.
• C) efficient; the cost to the government to produce these goods is less than the private sector because of economies of scale.
• D) inefficient; government provision of these goods is not fair nor equal.

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Definitions:

Employer Misconduct

Unethical or illegal actions taken by employers, such as violating labor laws or mistreating employees.

Fair Election

An election conducted impartially to assure an honest and accurate tally of votes to decide a winner.

Visiting Employees

Employees who work in a location different from their usual workplace for a temporary period, often for business trips or assignments.

Discriminatory

Actions or practices that unjustly differentiate or prejudice against individuals or groups based on characteristics like race, gender, age, or religion.