A. the market does not provide for satisfying public needs
B. the market is not equitable favoring those with more resources
C. the market makes no provision for protecting smaller participants
D. all of the above
Related Mcqs:
- “Laissez-faire” is a policy that appeals to_______________?
A. political liberals
B. political independents
C. political conservatives
D. political freethinkers - “Laissez-faire”______________?
A. is the rallying cry of the Women Liberation Movement?
B. was Karl Marx’s exhortation to the workers of the world
C. is the French expression Adam Smith used to mean that government should keep its hands off the economy?
D. is the economic theory introduced to the U.S by Keynes? - A problem with laissez-faire economic policy is that there is___________________?
A. no flexibility
B. no provision for public goods
C. no profit motives
D. responsiveness to demand - Latino neighborhoods have prospered because________________?
A. Latinos have a strong sense of community
B. they are well organized politically
C. they try to use English instead of their native Spanish
D. they have a common culture - In essence people need government because________________?
A. they live in groups and need a degree of order
B. of their competitive nature
C. they have not reached a sufficient amount of civilization to exist without it
D. brute force is not sufficient keep them in line - Total increases from Rs500 to Rs600 when output increases from 20 to 30 units. Fixed costs are Rs200 Which of the following is true ?
A. Marginal cost is Rs20
B. Average cost falls
C. Variable cost rises by Rs100
D. Average fixed cost is Rs10 - If the Keynesian consumption function is C = 10 + 0.8 Td when disposable income is Rs1000 total consumption is what ?
A. 0.8
B. 800
C. 810
D. 0.81 - Total increase from Rs500 to Rs600 When output increases from 20 to 30 units Fixed costs are Rs200 Which of the following is true ?
A. Marginal cost is Rs20
B. Average cost rises
C. Variable cost rises by Rs200
D. Average fixed cost was Rs10originally - The total quantity of goods and services produced (or supplied) in an economy in a given period is ?
A. aggregate investment
B. aggregate expenditure
C. aggregate demand
D. aggregate output - What percent of total work hours must be used to fix errors that occur on the assembly line in mass-production plants ?
A. 50%
B. 25%
C. 35%
D. 40%
